signal strength 1 of 5
The Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 161.27; the resistance level 161.42; the width of the pattern 15 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 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
- 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
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- M30
- H1
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According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4871 is likely to encourage a continuation
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According to the chart of M30, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 84.57 is likely to encourage a continuation
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The Double Top reversal pattern has been formed on EURJPY M15. Characteristics: the upper boundary 162.59; the lower boundary 162.19; the width of the pattern is 41 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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