signal strength 1 of 5
The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0962; the lower boundary is 2.0912. The width of the pattern is 51 points. In case of a break of the upper boundary 2.0962, 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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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
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- EURUSD
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- GBPUSD
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On the chart of the AUDCAD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 142.93; the lower boundary 142.50; the width of the pattern 43 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8865/0.8856
The M5 and M15 time frames may have more false entry points.
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