signal strength 2 of 5
On the chart of NZDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 86.34; the lower boundary 86.21; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 85.99 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Triangle
- Triple top
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The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 160.40; the lower boundary is 159.97. The width of the pattern is 39 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5530
The M5 and M15 time frames may have more false entry points.
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On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 3050.69; the lower boundary 3037.74; the width of the pattern 1295 points
The M5 and M15 time frames may have more false entry points.
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