signal strength 1 of 5
The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 94.72; the lower boundary is 94.49. The width of the pattern is 24 points. In case of a break of the upper boundary 94.72, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
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
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The Double Bottom pattern has been formed on AUDCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.5393
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On the chart of EURCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5590; the lower boundary 1.5393; the width of the pattern 197 points
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