signal strength 1 of 5
The Double Bottom pattern has been formed on USDJPY 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 144.14 is broken. The further movements will rely on the width of the current pattern 17 points.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8187
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According to the chart of H1, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8203 - 0.0000
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The Double Bottom pattern has been formed on NZDCAD M30; the upper boundary is 0.8203; the lower boundary is 0.8189. The width of the pattern is 15 points. In case
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