signal strength 3 of 5
The Double Bottom pattern has been formed on GBPAUD M30. 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 2.0987 is broken. The further movements will rely on the width of the current pattern 37 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- GBPJPY
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- NZDUSD
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The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 195.52; the lower boundary is 195.00. The width of the pattern is 52 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8127 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.6451/0.6469 whereas the upper border goes across 0.6490/0.6469
The M5 and M15 time frames may have more false entry points.
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