signal strength 1 of 5
The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.0785; the resistance level 1.0808; the width of the pattern 23 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 22 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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
- M30
- H1
- D1
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The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8278; the lower boundary 0.8268; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.3839
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 2.0810 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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