signal strength 1 of 5
The Double Bottom pattern has been formed on GBPCHF 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 1.0840 is broken. The further movements will rely on the width of the current pattern 11 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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- AUDCAD
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- EURJPY
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- USDCAD
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- USDRUB
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- M5
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The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9371; the lower boundary is 0.9356. The width of the pattern is 15 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8474, the lower border is 0.8412. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, SILVER formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 32.35, the lower border is 31.85. The signal means
The M5 and M15 time frames may have more false entry points.
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