signal strength 2 of 5
The Double Bottom pattern has been formed on EURGBP 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 0.8385 is broken. The further movements will rely on the width of the current pattern 6 points.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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- AUDCAD
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- EURCAD
- EURCHF
- EURGBP
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- EURNZD
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- GBPCHF
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- NZDCAD
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- NZDUSD
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- USDCAD
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- USDJPY
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The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 87.74; the lower boundary 87.62; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GOLD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 3247.25 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5226, the lower border is 0.5209. The signal means
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