signal strength 1 of 5
The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1171 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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On the chart of EURCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5934; the lower boundary 1.5910; the width of the pattern 24 points
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 94.42; the lower boundary 94.25; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 94.17/94.32 whereas the upper border goes across 94.50/94.32
The M5 and M15 time frames may have more false entry points.
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