signal strength 1 of 5

The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5150 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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The Double Bottom pattern has been formed on EURCAD M15; the upper boundary is 1.5686; the lower boundary is 1.5674. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on EURCAD M5; the upper boundary is 1.5686; the lower boundary is 1.5676. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Triple Top pattern has formed on the chart of the NZDCHF M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern
Open chart in a new window