signal strength 2 of 5
The Double Bottom pattern has been formed on EURJPY M15. Characteristics: the support level 164.10; the resistance level 164.30; the width of the pattern 20 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 19 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4871/0.4886 and upper border is 0.4899/0.4886. The pattern width is measured
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On the chart of GBPUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3454; the lower boundary 1.3448; the width of the pattern 6 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1318 and support 1.1307
The M5 and M15 time frames may have more false entry points.
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