signal strength 3 of 5
The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 2.0616; the lower boundary is 2.0566. The width of the pattern is 47 points. In case of a break of the upper boundary 2.0616, 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.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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- AUDUSD
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- EURGBP
- EURJPY
- EURNZD
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDUSD
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According to the chart of M15, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3108, the lower border is 1.3079. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 92.02/92.38 and upper border is 92.67/92.38. The pattern width is measured
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 AUDCAD M5 which signals that the downward trend will continue. If the price breaks below the low at 0.8881, then
The M5 and M15 time frames may have more false entry points.
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