signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1404 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -31 pips.
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
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- AUDUSD
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- GBPAUD
- GBPCHF
- GBPJPY
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The Double Top pattern has been formed on AUDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6293
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPAUD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0601; the lower boundary 2.0567; the width of the pattern 34 points
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The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.4328; the lower boundary 1.4317; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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