signal strength 1 of 5
The Double Bottom pattern has been formed on GBPCHF 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 1.0871 is broken. The further movements will rely on the width of the current pattern 25 points.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 143.99; the resistance level 144.40; the width of the pattern 41 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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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 1.3591 and support 1.3576
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3589; the lower boundary 1.3576; the width of the pattern 13 points
The M5 and M15 time frames may have more false entry points.
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