signal strength 4 of 5
The Double Bottom pattern has been formed on EURNZD H1. 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 1.8789 is broken. The further movements will rely on the width of the current pattern 53 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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On the chart of EURNZD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9042; the lower boundary 1.8979; the width of the pattern 63 points
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 148.35 with the upper limit 148.35/147.90
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 Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.4233 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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