signal strength 2 of 5
The Double Bottom pattern has been formed on AUDJPY M15; the upper boundary is 94.49; the lower boundary is 94.04. The width of the pattern is 44 points. In case of a break of the upper boundary 94.49, 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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- Triple top
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According to the chart of M15, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8946 and 0.8918 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8946 and 0.8918 are the coordinates
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The Double Top pattern has been formed on AUDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6489
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