signal strength 2 of 5

The Double Top pattern has been formed on AUDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6300 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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- Flag
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- Pennant
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- Triple top
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The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 2.0736; the lower boundary is 2.0708. The width of the pattern is 28 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 1.5810; the lower boundary is 1.5763. The width of the pattern is 49 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 M15. Characteristics: the support level 1.5761; the resistance level 1.5810; the width of the pattern 49 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new window