signal strength 1 of 5
The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 194.54; the resistance level 194.68; the width of the pattern 14 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 15 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
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- Triple top
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- AUDCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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- USDRUB
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According to the chart of M5, EURJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 160.29 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8400 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart GBPAUD M5 which signals that the downward trend will continue. If the price breaks below the low at 2.1145, then
The M5 and M15 time frames may have more false entry points.
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