signal strength 1 of 5
The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2953 is broken, the downward movement will continue.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
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- USDRUB
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The Double Bottom pattern has been formed on NZDJPY M30. Characteristics: the support level 86.63; the resistance level 86.92; the width of the pattern 29 points. If the resistance level
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The Triple Bottom pattern has been formed on GBPJPY H1. It has the following characteristics: resistance level 196.50/195.52; support level 195.27/195.23; the width is 123 points. In the event
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The Triple Bottom pattern has formed on the chart of the AUDJPY M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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