The M5 and M15 time frames may have more false entry points.
FX.co ★ AUDUSD M5: Double Top
Signal strength 1 of 5
AUDUSD M5: Double Top
On the chart of AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6253; the lower boundary 0.6246; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6231 level.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction