signal strength 1 of 5
The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 3375.87; the lower boundary is 3363.32. The width of the pattern is 1258 points. In case of a break of the upper boundary 3375.87, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
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
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- AUDUSD
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- EURCHF
- EURGBP
- EURJPY
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- EURRUB
- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3561/1.3576 and upper border is 1.3590/1.3576. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 87.99; the lower boundary 87.87; the width of the pattern 12 points
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The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6025
The M5 and M15 time frames may have more false entry points.
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