signal strength 2 of 5
The Double Bottom pattern has been formed on EURUSD 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 1.1300 is broken. The further movements will rely on the width of the current pattern 16 points.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AMZN
- #Bitcoin
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- #INTC
- #KO
- #MA
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- #PEP
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
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- 1
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- 5
The Double Top reversal pattern has been formed on AUDCAD H1. Characteristics: the upper boundary 0.9187; the lower boundary 0.9170; the width of the pattern is 16 points. Sell trades
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The Double Top reversal pattern has been formed on GBPJPY M30. Characteristics: the upper boundary 201.14; the lower boundary 200.86; the width of the pattern is 30 points. Sell trades
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The Double Top pattern has been formed on GBPUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3056
The M5 and M15 time frames may have more false entry points.
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