signal strength 1 of 5
The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8040; the resistance level 0.8056; the width of the pattern 16 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 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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- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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According to the chart of M30, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9092 and 0.9045 are the coordinates
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According to the chart of M5, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5239, the lower border is 0.5230. The signal means
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of GBPUSD M30. There are weighty reasons to suggest that the price will surpass the Neckline 1.3457/1.3481 after
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