signal strength 1 of 5
The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 87.53; the resistance level 87.71; the width of the pattern 18 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 18 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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The Triple Top pattern has formed on the chart of the GBPJPY H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 196.44; the lower boundary 196.12; the width of the pattern 32 points
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According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3304/1.3297
The M5 and M15 time frames may have more false entry points.
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