signal strength 2 of 5
The Double Top reversal pattern has been formed on USDCAD M15. Characteristics: the upper boundary 1.4394; the lower boundary 1.4364; the width of the pattern is 31 points. Sell trades are better to be opened below the lower boundary 1.4364 with a possible movements towards the 1.4341 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- EURJPY
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- GBPCHF
- GBPJPY
- GBPUSD
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- USDCAD
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On the chart of the EURJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 193.49; the lower boundary 193.23; the width of the pattern 26 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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