signal strength 1 of 5
The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5149 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 142.08; the resistance level 142.71; the width of the pattern 63 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF M30; the upper boundary is 1.0725; the lower boundary is 1.0613. The width of the pattern is 110 points. In case
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The Double Bottom pattern has been formed on GBPCHF H1; the upper boundary is 1.0725; the lower boundary is 1.0613. The width of the pattern is 110 points. In case
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