signal strength 1 of 5
The Double Bottom pattern has been formed on GBPCHF 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 1.1029 is broken. The further movements will rely on the width of the current pattern 10 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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- #AAPL
- #AMZN
- #Bitcoin
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- #KO
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- #PEP
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- #TWTR
- 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
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According to M15, GBPJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 193.27/193.16 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 163.27 and 162.53 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 3290.48 is breached. Here
The M5 and M15 time frames may have more false entry points.
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