signal strength 1 of 5
On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 94.05; the lower boundary 93.90; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 93.75 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Double Top pattern has been formed on GBPJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 199.63
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The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 199.95; the lower boundary 199.63; the width of the pattern is 30 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M15. Characteristics: the support level 0.8158; the resistance level 0.8166; the width of the pattern 8 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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