The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPAUD M15: Double Top
Signal strength 2 of 5
GBPAUD M15: Double Top
On the chart of GBPAUD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8058; the lower boundary 1.8036; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8013 level.