signal strength 2 of 5

The Double Top pattern has been formed on USDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3755 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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- Triple top
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The Triple Top pattern has formed on the chart of the GBPJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M15, GBPJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 195.52, the lower border is 195.00. The signal means
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on GBPJPY H1; the upper boundary is 195.52; the lower boundary is 195.00. The width of the pattern is 52 points. In case
Open chart in a new window