signal strength 3 of 5
The Double Bottom pattern has been formed on AUDJPY M30. 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 94.07 is broken. The further movements will rely on the width of the current pattern 16 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
- M30
- H1
- D1
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The Double Bottom pattern has been formed on NZDCAD D1; the upper boundary is 0.8254; the lower boundary is 0.8112. The width of the pattern is 147 points. In case
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The Bullish pennant signal – Trading instrument GBPUSD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3448, with the prospect
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 197.99; the lower boundary 197.80; the width of the pattern 19 points
The M5 and M15 time frames may have more false entry points.
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