signal strength 1 of 5
The Double Bottom pattern has been formed on EURGBP M5; the upper boundary is 0.8515; the lower boundary is 0.8509. The width of the pattern is 6 points. In case of a break of the upper boundary 0.8515, 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
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
- All
- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- 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
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
- All
- 1
- 2
- 3
- 4
- 5
According to the chart of M15, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 97.24 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
The Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 87.22; the lower boundary 86.90; the width of the pattern is 34 points. Sell trades
Open chart in a new window
The Double Top reversal pattern has been formed on NZDJPY H1. Characteristics: the upper boundary 87.22; the lower boundary 86.90; the width of the pattern is 34 points. Sell trades
Open chart in a new window
