signal strength 1 of 5
The Double Bottom pattern has been formed on NZDJPY M5. 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 86.50 is broken. The further movements will rely on the width of the current pattern 21 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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According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 161.50/161.24
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 83.80; the lower boundary 82.60; the width of the pattern 120 points
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The GBPJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 189.39, the Neckline and the upward angle are at 188.41/188.34. The formation
The M5 and M15 time frames may have more false entry points.
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