signal strength 2 of 5
The Bearish Flag pattern has been formed on the chart AUDJPY M15 which signals that the downward trend will continue. If the price breaks below the low at 90.01, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).
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
- AUDCHF
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
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- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
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The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 101.77
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.0662; the lower boundary 1.0643; the width of the pattern is 20 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 207.03; the lower boundary 206.68; the width of the pattern 35 points
The M5 and M15 time frames may have more false entry points.
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