signal strength 1 of 5
The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 169.09; the lower boundary is 168.92. The width of the pattern is 18 points. In case of a break of the upper boundary 169.09, 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.
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According to the chart of M5, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3346 and support 1.3336
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3337
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0727
The M5 and M15 time frames may have more false entry points.
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