signal strength 2 of 5
The Triple Bottom pattern has been formed on AUDJPY M15. It has the following characteristics: resistance level 92.94/92.77; support level 92.26/92.23; the width is 68 points. In the event of a breakdown of the resistance level of 92.94, the price is likely to continue an upward movement at least to 92.75.
The M5 and M15 time frames may have more false entry points.
See Also
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- Rectangle
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- Triple top
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According to the chart of M30, EURJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 167.02 - 0.00
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According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 166.62/166.78 whereas the upper border goes across 167.01/166.78
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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