signal strength 1 of 5
The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.8869; the lower boundary 1.8843; the width of the pattern is 25 points. Sell trades are better to be opened below the lower boundary 1.8843 with a possible movements towards the 1.8828 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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According to the chart of M5, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8245 and support 0.8238
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, SILVER formed the Head and Shoulders pattern. The Head’s top is set at 33.17 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4931 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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