signal strength 1 of 5
The Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 161.93; the resistance level 162.21; the width of the pattern 28 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 29 points.
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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The Double Top reversal pattern has been formed on EURGBP M5. Characteristics: the upper boundary 0.8572; the lower boundary 0.8562; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the SILVER M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 189.00; the lower boundary is 188.55. The width of the pattern is 44 points. In case
The M5 and M15 time frames may have more false entry points.
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