signal strength 1 of 5
The Double Bottom pattern has been formed on EURNZD M5. 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 1.9129 is broken. The further movements will rely on the width of the current pattern 79 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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- 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 Double Bottom pattern has been formed on AUDCHF M5. Characteristics: the support level 0.5281; the resistance level 0.5302; the width of the pattern 21 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURJPY M15. Characteristics: the support level 163.08; the resistance level 163.37; the width of the pattern 29 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of EURCHF H1. Features of the pattern: The lower line of the pattern has coordinates 0.9371 with the upper limit 0.9371/0.9363
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