signal strength 3 of 5
The Double Bottom pattern has been formed on AUDJPY M30. 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 94.07 is broken. The further movements will rely on the width of the current pattern 16 points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
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- #NTDOY
- #PEP
- #TSLA
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
- M30
- H1
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The NZDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 88.09, the Neckline and the upward angle are at 87.88/87.91. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0555/2.0594 whereas the upper border goes across 2.0628/2.0594
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The Bullish Flag pattern has been formed on GBPJPY at H1. The lower boundary of the pattern is located at 198.39/197.95, while the higher boundary lies at 198.89/198.45. The projection
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