signal strength 4 of 5
The Double Bottom pattern has been formed on NZDUSD H1. Characteristics: the support level 0.5705; the resistance level 0.5726; the width of the pattern 21 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 20 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
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- EURJPY
- EURNZD
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- EURUSD
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- GBPJPY
- GBPUSD
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- NZDCHF
- NZDJPY
- NZDUSD
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According to the chart of H1, EURGBP formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8370, the lower border is 0.8348. The signal means
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The Double Top pattern has been formed on EURUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0824
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 161.93; the resistance level 162.21; the width of the pattern 28 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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