signal strength 2 of 5
The Double Bottom pattern has been formed on GBPAUD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 2.0606 is broken. The further movements will rely on the width of the current pattern 41 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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- EURJPY
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDUSD
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- USDRUB
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- M5
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According to the chart of M5, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 166.25, the lower border is 166.09. The signal means
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on EURJPY M5. It has the following characteristics: resistance level 166.25/166.16; support level 166.09/166.09; the width is 16 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on EURCAD M5. It has the following characteristics: resistance level 1.5771/1.5752; support level 1.5748/1.5738; the width is 23 points. In the event
The M5 and M15 time frames may have more false entry points.
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