signal strength 1 of 5
The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 197.02; the resistance level 197.28; the width of the pattern 26 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 26 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 Bullish Flag pattern has been formed on GBPAUD at M5. The lower boundary of the pattern is located at 2.0668/2.0668, while the higher boundary lies at 2.0678/2.0678. The projection
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4810, the lower border is 0.4802. The signal means
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the NZDUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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