signal strength 2 of 5
The Double Bottom pattern has been formed on EURCAD M15. 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 1.5621 is broken. The further movements will rely on the width of the current pattern 22 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- AUDCAD
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- EURJPY
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- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8218/0.8225 whereas the upper border goes across 0.8232/0.8225
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 94.37/94.45 whereas the upper border goes across 94.51/94.45
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 165.61 and 165.48 are the coordinates
The M5 and M15 time frames may have more false entry points.
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