signal strength 2 of 5
The Double Top pattern has been formed on EURCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6040 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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The Bullish pennant signal – Trading instrument AUDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 97.13, with the prospect
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPAUD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 2.0412 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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According to M30, AUDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.6569/0.6567 is broken out, the instrument is likely to move toward
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