signal strength 2 of 5
The Double Bottom pattern has been formed on GBPUSD M15. Characteristics: the support level 1.2926; the resistance level 1.2945; the width of the pattern 19 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 18 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
- Head and Shoulders
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- Rectangle
- Triangle
- Triple top
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The NZDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 85.95, the Neckline and the upward angle are at 85.69/85.68. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 148.72 is likely to encourage a continuation
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On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 193.71; the lower boundary 193.43; the width of the pattern 28 points
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