signal strength 1 of 5
The Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 161.93; the resistance level 162.21; the width of the pattern 28 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 29 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
- AUDCHF
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- EURUSD
- GBPAUD
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The Triple Bottom pattern has been formed on GBPJPY H1. It has the following characteristics: resistance level 196.50/195.52; support level 195.27/195.23; the width is 123 points. In the event
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The Triple Bottom pattern has formed on the chart of the AUDJPY M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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The technical pattern called Head and Shoulders has appeared on the chart of NZDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.4769/0.4770 after
The M5 and M15 time frames may have more false entry points.
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