signal strength 1 of 5
On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1726; the lower boundary 1.1707; the width of the pattern 19 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1692 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 95.80; the lower boundary 95.66; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3253
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The Double Top pattern has been formed on AUDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6473
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