signal strength 3 of 5
The Double Bottom pattern has been formed on GBPAUD M30. 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 2.0987 is broken. The further movements will rely on the width of the current pattern 37 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- GBPUSD
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On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 198.94; the lower boundary 198.24; the width of the pattern 70 points
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 198.93; the lower boundary 198.81; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPUSD M15; the upper boundary is 1.3489; the lower boundary is 1.3449. The width of the pattern is 42 points. In case
The M5 and M15 time frames may have more false entry points.
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