signal strength 3 of 5
On the chart of EURCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5590; the lower boundary 1.5393; the width of the pattern 197 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.5363 level.
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
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 198.91
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDCAD M5. It has the following characteristics: resistance level 0.8207/0.8205; support level 0.8197/0.8197; the width is 10 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5977/0.5975; support level 0.5963/0.5966; the width is 14 points. In the event
The M5 and M15 time frames may have more false entry points.
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