signal strength 1 of 5
The Double Bottom pattern has been formed on AUDJPY 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 93.94 is broken. The further movements will rely on the width of the current pattern 37 points.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, EURGBP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8486
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5260/0.5287 whereas the upper border goes across 0.5316/0.5287
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The Double Bottom pattern has been formed on NZDJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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