signal strength 1 of 5
The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6025 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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According to the chart of M5, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5232 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0724, the lower border is 1.0709. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6559
The M5 and M15 time frames may have more false entry points.
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