signal strength 1 of 5
The Double Bottom pattern has been formed on AUDCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.5183 is broken. The further movements will rely on the width of the current pattern 11 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on AUDUSD M15. Characteristics: the upper boundary 0.6508; the lower boundary 0.6489; the width of the pattern is 20 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0779 and support 1.0767
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8158 and support 0.8141
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