signal strength 1 of 5

The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3066.88 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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On the chart of NZDJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 83.80; the lower boundary 82.60; the width of the pattern 120 points
Open chart in a new windowThe GBPJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 189.39, the Neckline and the upward angle are at 188.41/188.34. The formation
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 83.75; the lower boundary 82.60; the width of the pattern is 120 points. Sell trades
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