signal strength 3 of 5
The Double Bottom pattern has been formed on NZDCAD 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 0.8262 is broken. The further movements will rely on the width of the current pattern 24 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
- USDCHF
- USDJPY
- USDRUB
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- M5
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On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5371; the lower boundary 0.5367; the width of the pattern 4 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCHF H1. 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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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPCHF M5. Forecast: if the price breaks above the pattern high at 1.1115, then
The M5 and M15 time frames may have more false entry points.
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