signal strength 3 of 5
The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.1425; the lower boundary 1.1415; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 1.1415 with a possible movements towards the 1.1385 level.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 84.82, the lower border is 84.72. The signal means
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3441; the lower boundary 1.3416; the width of the pattern 25 points
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The Bullish pennant pattern is formed on the USDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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