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
- Flag
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- Triangle
- Triple top
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The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2926
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURUSD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURUSD M30. Characteristics: the support level 1.0777; the resistance level 1.0830; the width of the pattern 53 points. If the resistance level
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