signal strength 3 of 5
The Double Top reversal pattern has been formed on NZDUSD M30. Characteristics: the upper boundary 0.5744; the lower boundary 0.5731; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.5731 with a possible movements towards the 0.5701 level.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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- AUDCAD
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- GBPAUD
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- GBPJPY
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- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
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- USDRUB
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- M5
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On the chart of the #MSFT M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 188.62
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0711; the resistance level 2.0861; the width of the pattern 150 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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