signal strength 4 of 5
According to the chart of H1, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 92.94, the lower border is 92.44. The signal means that a short position should be opened after fixing a price below the lower border 92.44 of the Bearish Rectangle.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has formed on the chart of AUDCAD M15. Features of the pattern: The lower line of the pattern has coordinates 0.8940 with the upper limit 0.8940/0.8936
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPUSD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3769; the lower boundary 1.3698; the width of the pattern 71 points
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The Double Top pattern has been formed on EURUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1690
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