signal strength 1 of 5
The Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 161.93; the resistance level 162.21; the width of the pattern 28 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 29 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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- EURRUB
- EURUSD
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- GBPJPY
- GBPUSD
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On the chart of EURGBP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8576; the lower boundary 0.8569; the width of the pattern 7 points
The M5 and M15 time frames may have more false entry points.
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On the chart of the EURNZD M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, EURGBP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8574 - 0.0000
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