signal strength 2 of 5
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The Double Bottom pattern has been formed on GBPJPY 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 192.39 is broken. The further movements will rely on the width of the current pattern 96 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has formed on the chart of EURGBP M5. Features of the pattern: The lower line of the pattern has coordinates 0.8291 with the upper limit 0.8291/0.8285
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowOn the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 189.31; the lower boundary 189.06; the width of the pattern 25 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowOn the chart of the NZDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
Open chart in a new window