signal strength 1 of 5

According to the chart of M5, AUDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5515 – 0.5515 and upper border 0.5522 – 0.5522. In case the lower border is broken, the instrument is likely to follow the downward trend.
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
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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On the chart of NZDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 87.96; the lower boundary 87.67; the width of the pattern 29 points
Open chart in a new windowThe Double Top pattern has been formed on EURJPY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 166.99
Open chart in a new windowThe Double Top pattern has been formed on EURNZD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.9045
The M5 and M15 time frames may have more false entry points.
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