signal strength 1 of 5
The Double Bottom pattern has been formed on EURCAD 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 1.6000 is broken. The further movements will rely on the width of the current pattern 40 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
- All
- M5
- M15
- M30
- H1
- D1
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- Buy
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The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 2.0756; the lower boundary is 2.0738. The width of the pattern is 20 points. In case
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The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5860/0.5857; support level 0.5853/0.5854; the width is 7 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the GBPJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -9
The M5 and M15 time frames may have more false entry points.
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