signal strength 4 of 5

The Double Bottom pattern has been formed on GBPJPY H1. 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 193.52 is broken. The further movements will rely on the width of the current pattern 54 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
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The technical pattern called Head and Shoulders has appeared on the chart of AUDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5247/0.5249 after
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, GBPAUD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 2.0516 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, GBPAUD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 2.0493 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
Open chart in a new window