signal strength 1 of 5
The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 94.69; the lower boundary is 94.41. The width of the pattern is 29 points. In case of a break of the upper boundary 94.69, 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
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
- M30
- H1
- D1
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The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 88.49; the resistance level 88.56; the width of the pattern 7 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, #PEP produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 143.96 while the median line of the Neck
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 GBPJPY D1. Characteristics: the upper boundary 199.80; the lower boundary 198.07; the width of the pattern is 187 points. Sell trades
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