signal strength 2 of 5
The Double Bottom pattern has been formed on EURCHF 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 0.9347 is broken. The further movements will rely on the width of the current pattern 12 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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- EURGBP
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- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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- NZDJPY
- NZDUSD
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The Triple Bottom pattern has been formed on NZDCAD M15. It has the following characteristics: resistance level 0.8119/0.8115; support level 0.8103/0.8105; the width is 16 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4645 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, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5867 is breached. Here
The M5 and M15 time frames may have more false entry points.
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