signal strength 1 of 5
The Double Bottom pattern has been formed on NZDCHF M5; the upper boundary is 0.4874; the lower boundary is 0.4857. The width of the pattern is 17 points. In case of a break of the upper boundary 0.4874, 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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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.5608; the lower boundary 1.5580; the width of the pattern is 27 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3299 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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The Double Bottom pattern has been formed on AUDCHF M5. Characteristics: the support level 0.5290; the resistance level 0.5301; the width of the pattern 11 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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