signal strength 1 of 5
The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 86.17; the lower boundary 85.99; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 85.99 with a possible movements towards the 85.84 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
- 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
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On the chart of NZDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4836; the lower boundary 0.4764; the width of the pattern 72 points
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On the chart of the GBPJPY M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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The Double Top pattern has been formed on SILVER M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 32.12
The M5 and M15 time frames may have more false entry points.
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