signal strength 1 of 5
The Double Bottom pattern has been formed on GBPUSD 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 1.2950 is broken. The further movements will rely on the width of the current pattern 10 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Pennant
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- Triple top
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The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 189.79; the lower boundary 188.74; the width of the pattern is 105 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4819
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 NZDJPY M5. Characteristics: the upper boundary 83.75; the lower boundary 83.17; the width of the pattern is 57 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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