was formed on 29.05 at 00:00:24 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
The Double Bottom pattern has been formed on EURGBP M15. 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 0.8385 is broken. The further movements will rely on the width of the current pattern 6 points.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
