signal strength 1 of 5
The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6293; the lower boundary is 0.6280. The width of the pattern is 12 points. In case of a break of the upper boundary 0.6293, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Rectangle
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- Triple top
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According to the chart of M5, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 84.82, the lower border is 84.72. The signal means
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3441; the lower boundary 1.3416; the width of the pattern 25 points
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The Bullish pennant pattern is formed on the USDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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