signal strength 2 of 5
The Double Bottom pattern has been formed on AUDJPY 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 92.99 is broken. The further movements will rely on the width of the current pattern 28 points.
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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- #AMZN
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- #KO
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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
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- M5
- M15
- M30
- H1
- D1
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- Buy
- Sale
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 194.03; the lower boundary 193.79; the width of the pattern 24 points
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 GBPAUD H1. Characteristics: the upper boundary 2.0811; the lower boundary 2.0687; the width of the pattern is 120 points. Sell trades
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The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 32.56; the lower boundary 32.48; the width of the pattern is 80 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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