signal strength 1 of 5
The Double Bottom pattern has been formed on USDJPY 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 140.85 is broken. The further movements will rely on the width of the current pattern 17 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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The Bullish pennant signal – Trading instrument GBPCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.1115, with the prospect
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCHF H1. Characteristics: the support level 0.8324; the resistance level 0.8434; the width of the pattern 110 points. If the resistance level
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The Double Bottom pattern has been formed on EURCHF M30. Characteristics: the support level 0.9333; the resistance level 0.9352; the width of the pattern 19 points. If the resistance level
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