signal strength 2 of 5
The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 193.24; the lower boundary is 192.29. The width of the pattern is 96 points. In case of a break of the upper boundary 193.24, 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 Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 93.81; the lower boundary 93.23; the width of the pattern is 57 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPUSD 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 Triple Bottom pattern has formed on the chart of USDCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.8121 with the upper limit 0.8121/0.8116
The M5 and M15 time frames may have more false entry points.
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