signal strength 2 of 5
The Double Top reversal pattern has been formed on GBPUSD M15. Characteristics: the upper boundary 1.2957; the lower boundary 1.2941; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 1.2941 with a possible movements towards the 1.2918 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Triple top
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According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8165 is breached. Here
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8165 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5723 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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