signal strength 1 of 5
The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5530; the resistance level 1.5561; the width of the pattern 31 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 32 points.
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
- 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
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- M30
- H1
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According to the chart of M30, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
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According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 198.75/199.07 whereas the upper border goes across 199.49/199.07
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDCHF M30; the upper boundary is 0.5225; the lower boundary is 0.5215. The width of the pattern is 9 points. In case
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