signal strength 2 of 5
The Double Bottom pattern has been formed on EURJPY M15. 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 162.81 is broken. The further movements will rely on the width of the current pattern 17 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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
- M30
- H1
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The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 3050.78; the resistance level 3075.21; the width of the pattern 2443 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPUSD 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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The Bullish Flag pattern has been formed on EURJPY at M5. The lower boundary of the pattern is located at 161.24/160.64, while the higher boundary lies at 161.82/161.22. The projection
The M5 and M15 time frames may have more false entry points.
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