signal strength 2 of 5
The Double Bottom pattern has been formed on NZDJPY M15. Characteristics: the support level 84.57; the resistance level 84.87; the width of the pattern 30 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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- AUDCAD
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- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
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The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 35.94; the lower boundary 35.87; the width of the pattern is 70 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0922; the resistance level 2.0942; the width of the pattern 20 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.5963 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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