signal strength 2 of 5
The Double Bottom pattern has been formed on NZDUSD M15; the upper boundary is 0.5732; the lower boundary is 0.5706. The width of the pattern is 25 points. In case of a break of the upper boundary 0.5732, 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.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Triple top
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According to the chart of M15, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 144.84/145.98 and upper border is 146.95/145.98. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 159.88
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.0978; the lower boundary 1.0929; the width of the pattern is 49 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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