signal strength 3 of 5
The Double Bottom pattern has been formed on NZDCHF M30. 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 0.4822 is broken. The further movements will rely on the width of the current pattern 59 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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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
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The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 35.94; the lower boundary 35.87; the width of the pattern is 70 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0922; the resistance level 2.0942; the width of the pattern 20 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.5963 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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