signal strength 1 of 5
The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5197; the lower boundary is 0.5192. The width of the pattern is 5 points. In case of a break of the upper boundary 0.5197, 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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The Bearish pennant pattern has formed on the GBPCHF M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart GBPCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the EURCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.9313 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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