signal strength 1 of 5
The Double Bottom pattern has been formed on GBPAUD 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 2.1437 is broken. The further movements will rely on the width of the current pattern 60 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
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
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The Bearish Flag pattern has been formed on AUDCAD at M15. The lower boundary of the pattern is located at 0.8898/0.8906 while the upper boundary lies at 0.8906/0.8914. The projection
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the AUDCAD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.8898 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5613; the resistance level 1.5636; the width of the pattern 23 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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