signal strength 2 of 5
The Double Bottom pattern has been formed on USDCAD 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 1.4318 is broken. The further movements will rely on the width of the current pattern 102 points.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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- #PEP
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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 Bottom pattern has been formed on USDCHF H1; the upper boundary is 0.8264; the lower boundary is 0.8211. The width of the pattern is 49 points. In case
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The Double Bottom pattern has been formed on USDJPY H1. Characteristics: the support level 142.37; the resistance level 143.04; the width of the pattern 67 points. If the resistance level
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The Triple Top pattern has formed on the chart of the SILVER H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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