signal strength 1 of 5
The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 1.8799; the resistance level 1.8817; the width of the pattern 18 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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- #AAPL
- #AMZN
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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The Double Top pattern has been formed on AUDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6464
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According to the chart of M15, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3314 and support 1.3298
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 3257.36; the lower boundary 3241.62; the width of the pattern is 1504 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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