signal strength 1 of 5
The Double Bottom pattern has been formed on GBPJPY 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 193.74 is broken. The further movements will rely on the width of the current pattern 20 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
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- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
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- USDRUB
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- M5
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On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 3364.57; the lower boundary 3351.31; the width of the pattern 1326 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on SILVER M15. Characteristics: the support level 34.37; the resistance level 34.49; the width of the pattern 120 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 M15, GOLD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 3372.11 and 3342.24 are the coordinates
The M5 and M15 time frames may have more false entry points.
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