signal strength 3 of 5
The Double Top reversal pattern has been formed on NZDCHF M30. Characteristics: the upper boundary 0.4857; the lower boundary 0.4841; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 0.4841 with a possible movements towards the 0.4811 level.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
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- USDRUB
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- M5
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According to the chart of M5, GOLD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 3251.29, the lower border is 3233.91. The signal means
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 AUDUSD M30. Characteristics: the upper boundary 0.6418; the lower boundary 0.6357; the width of the pattern is 59 points. Sell trades
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The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5923
The M5 and M15 time frames may have more false entry points.
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