signal strength 1 of 5
The Double Bottom pattern has been formed on NZDUSD 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 0.5586 is broken. The further movements will rely on the width of the current pattern 39 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 technical pattern called Head and Shoulders has appeared on the chart of EURCHF M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.9278/0.9279 after
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.3203 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, EURUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1264 is breached. Here
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