signal strength 1 of 5
The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6565; the lower boundary is 0.6559. The width of the pattern is 6 points. In case of a break of the upper boundary 0.6565, 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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- Flag
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- Triple top
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The Double Bottom pattern has been formed on GBPJPY H1; the upper boundary is 195.52; the lower boundary is 195.00. The width of the pattern is 52 points. In case
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 195.26
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on the chart GBPCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.0752 may push
The M5 and M15 time frames may have more false entry points.
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