signal strength 2 of 5
The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4828; the resistance level 0.4845; the width of the pattern 17 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 17 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
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- NZDCHF
- NZDJPY
- NZDUSD
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The Triple Bottom pattern has formed on the chart of the NZDCAD H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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According to the chart of M5, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3457 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.6415 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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