signal strength 3 of 5
The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 2.1023; the lower boundary is 2.0858. The width of the pattern is 166 points. In case of a break of the upper boundary 2.1023, 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.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.5650; the lower boundary 1.5644; the width of the pattern is 7 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.6026/0.6043 whereas the upper border goes across 0.6061/0.6043
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6535/0.6520
The M5 and M15 time frames may have more false entry points.
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