signal strength 1 of 5
The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 84.69; the resistance level 84.89; the width of the pattern 20 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 20 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Double Bottom pattern has been formed on USDJPY M30; the upper boundary is 145.12; the lower boundary is 144.78. The width of the pattern is 32 points. In case
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The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0668; the resistance level 2.0698; the width of the pattern 30 points. If the resistance level
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 NZDUSD M15. Characteristics: the upper boundary 0.5929; the lower boundary 0.5912; the width of the pattern is 16 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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