signal strength 2 of 5
The Double Bottom pattern has been formed on NZDUSD M15. Characteristics: the support level 0.5708; the resistance level 0.5719; the width of the pattern 11 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 12 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 Bullish Flag pattern has been formed on AUDJPY at M5. The lower boundary of the pattern is located at 94.27/94.19, while the higher boundary lies at 94.35/94.27. The projection
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument AUDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 94.35, with the prospect
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.6535 and 0.6502 are the coordinates
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