signal strength 2 of 5
The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4887; the resistance level 0.4915; the width of the pattern 28 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 27 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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The Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 94.07/94.02; support level 93.89/93.89; the width is 18 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to M15, EURNZD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.8889/1.8887 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 87.36 - 0.00
The M5 and M15 time frames may have more false entry points.
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