signal strength 1 of 5
The Double Bottom pattern has been formed on AUDCHF 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 0.5496 is broken. The further movements will rely on the width of the current pattern 24 points.
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0742, the lower border is 1.0613. The signal means
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According to the chart of M30, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4762, the lower border is 0.4692. The signal means
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On the chart of NZDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8083; the lower boundary 0.8036; the width of the pattern 47 points
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