signal strength 2 of 5
The Double Top pattern has been formed on GBPAUD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0442 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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On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 94.55; the lower boundary 94.18; the width of the pattern 37 points
The M5 and M15 time frames may have more false entry points.
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On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3722; the lower boundary 1.3700; the width of the pattern 22 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M30. Characteristics: the support level 144.62; the resistance level 145.96; the width of the pattern 134 points. If the resistance level
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