signal strength 1 of 5
The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0815; the resistance level 2.0853; the width of the pattern 38 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 38 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0837; the lower boundary 1.0828; the width of the pattern 9 points
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 86.43; the lower boundary 86.24; the width of the pattern is 20 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6531 and support 0.6524
The M5 and M15 time frames may have more false entry points.
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