signal strength 1 of 5
The Double Bottom pattern has been formed on NZDJPY 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 84.32 is broken. The further movements will rely on the width of the current pattern 26 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
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- EURGBP
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- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDUSD
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According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0697/1.0700 whereas the upper border goes across 1.0704/1.0700
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDCHF M30. It has the following characteristics: resistance level 0.4646/0.4635; support level 0.4630/0.4629; the width is 16 points. In the event
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The Bullish pennant signal – Trading instrument AUDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 97.44, with the prospect
The M5 and M15 time frames may have more false entry points.
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