signal strength 1 of 5
The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 187.61; the lower boundary 187.14; the width of the pattern is 47 points. Sell trades are better to be opened below the lower boundary 187.14 with a possible movements towards the 186.99 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Rectangle
- Triangle
- Triple top
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On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 94.05; the lower boundary 93.90; the width of the pattern 15 points
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the GBPJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -5
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 195.89
The M5 and M15 time frames may have more false entry points.
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