signal strength 1 of 5
The Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.8694; the lower boundary 0.8678; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 0.8678 with a possible movements towards the 0.8663 level.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- 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
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
- M30
- H1
- D1
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- 1
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The technical pattern called Head and Shoulders has appeared on the chart of AUDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.6489/0.6492 after
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, EURCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9348, the lower border is 0.9337. The signal means
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1409
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