signal strength 1 of 5
The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 85.50; the lower boundary is 85.36. The width of the pattern is 13 points. In case of a break of the upper boundary 85.50, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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The Double Bottom pattern has been formed on USDCAD M30; the upper boundary is 1.3778; the lower boundary is 1.3724. The width of the pattern is 54 points. In case
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The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 94.26
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 Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.5893/1.5901 whereas the upper border goes across 1.5911/1.5901
The M5 and M15 time frames may have more false entry points.
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