signal strength 1 of 5
The Double Bottom pattern has been formed on GBPAUD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 2.0850 is broken. The further movements will rely on the width of the current pattern 66 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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According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1486/1.1478
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5959 is breached. Here
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The USDCAD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3729, the Neckline and the upward angle are at 1.3706/1.3704. The formation
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