signal strength 3 of 5
The Double Bottom pattern has been formed on NZDCAD M30. 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 0.8262 is broken. The further movements will rely on the width of the current pattern 24 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- GBPCHF
- GBPJPY
- GBPUSD
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According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 194.31/194.67 and upper border is 195.14/194.67. The pattern width is measured
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 Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3425 - 0.0000
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 2.0635/2.0615; support level 2.0604/2.0605; the width is 31 points. In the event
The M5 and M15 time frames may have more false entry points.
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