signal strength 2 of 5
The Double Bottom pattern has been formed on EURCHF M15; the upper boundary is 0.9549; the lower boundary is 0.9528. The width of the pattern is 20 points. In case of a break of the upper boundary 0.9549, 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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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
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- Triple top
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On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4403; the lower boundary 1.4365; the width of the pattern 38 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8172 and 0.8152 are the coordinates
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart USDCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
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