signal strength 2 of 5
The Double Bottom pattern has been formed on GBPCHF M15; the upper boundary is 1.1111; the lower boundary is 1.1093. The width of the pattern is 18 points. In case of a break of the upper boundary 1.1111, 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.
See Also
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- Flag
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- Pennant
- Rectangle
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- Triple top
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- AUDCHF
- AUDJPY
- AUDUSD
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- EURGBP
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- EURNZD
- EURRUB
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- GBPCHF
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- GBPUSD
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According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0846/1.0853 whereas the upper border goes across 1.0860/1.0853
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 197.78; the resistance level 197.87; the width of the pattern 9 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, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6574/0.6570
The M5 and M15 time frames may have more false entry points.
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