signal strength 1 of 5
The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 195.84; the lower boundary 195.72; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 195.72 with a possible movements towards the 195.57 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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- AUDCAD
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On the chart of AUDJPY D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 97.23; the lower boundary 95.57; the width of the pattern 166 points
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The Double Bottom pattern has been formed on GBPAUD D1. Characteristics: the support level 2.0437; the resistance level 2.0741; the width of the pattern 304 points. If the resistance level
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The Double Top pattern has been formed on NZDJPY D1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.40
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