signal strength 1 of 5
The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 161.54; the lower boundary 161.35; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 161.35 with a possible movements towards the 161.20 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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- AUDCAD
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- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDUSD
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- M5
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According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 85.78/85.88 and upper border is 85.99/85.88. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the EURCAD M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.5396 is broken through. Recommendations: Place
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According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 194.20/194.02
The M5 and M15 time frames may have more false entry points.
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