signal strength 2 of 5
The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 193.33; the lower boundary is 192.78. The width of the pattern is 60 points. In case of a break of the upper boundary 193.33, 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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- AUDCAD
- AUDCHF
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- GBPAUD
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- GOLD
- NZDCAD
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The Bullish pennant graphic pattern has formed on the GBPUSD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the SILVER M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1008; the lower boundary 1.0998; the width of the pattern 10 points
The M5 and M15 time frames may have more false entry points.
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