signal strength 1 of 5
The Double Bottom pattern has been formed on GBPUSD 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 1.3289 is broken. The further movements will rely on the width of the current pattern 16 points.
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
- Triangle
- Triple top
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- AUDCAD
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- EURUSD
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The Double Top reversal pattern has been formed on GBPUSD D1. Characteristics: the upper boundary 1.3615; the lower boundary 1.3455; the width of the pattern is 176 points. Sell trades
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The Bullish Flag pattern has been formed on the chart EURGBP M15 which signals that the upward trend will continue. Signals: а break of the peak at 0.8555 may push
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument EURGBP M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.8555, with the prospect
The M5 and M15 time frames may have more false entry points.
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