signal strength 1 of 5
On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 3033.97; the lower boundary 3026.63; the width of the pattern 734 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 3026.48 level.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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According to the chart of H1, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6315 while the median line of the Neck is found
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The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.0861; the lower boundary is 1.0810. The width of the pattern is 50 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0619/2.0611
The M5 and M15 time frames may have more false entry points.
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