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The Double Bottom pattern has been formed on EURJPY 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 161.91 is broken. The further movements will rely on the width of the current pattern 46 points.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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- AUDCAD
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- EURCAD
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- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Bearish pennant pattern has formed on the GBPJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 190.55 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, NZDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8210, the lower border is 0.8195. The signal means
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Triple Bottom pattern has been formed on NZDUSD M30. It has the following characteristics: resistance level 0.5945/0.5936; support level 0.5922/0.5922; the width is 23 points. In the event
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