signal strength 2 of 5
The Double Bottom pattern has been formed on GBPCHF M15; the upper boundary is 1.1019; the lower boundary is 1.0994. The width of the pattern is 24 points. In case of a break of the upper boundary 1.1019, 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.
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On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4786; the lower boundary 0.4779; the width of the pattern 7 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5923 and support 0.5910
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The Double Top pattern has been formed on AUDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6487
The M5 and M15 time frames may have more false entry points.
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