signal strength 1 of 5
The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.6050; the lower boundary is 0.6039. The width of the pattern is 11 points. In case of a break of the upper boundary 0.6050, 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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- #AAPL
- #AMZN
- #Bitcoin
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- #INTC
- #KO
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- #PEP
- #TSLA
- #TWTR
- 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
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According to the chart of M15, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 98.12 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 Bullish pennant graphic pattern has formed on the #TSLA M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPJPY M30. Characteristics: the upper boundary 199.96; the lower boundary 199.74; the width of the pattern is 25 points. Sell trades
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