signal strength 1 of 5
The Double Bottom pattern has been formed on USDCAD 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 1.4287 is broken. The further movements will rely on the width of the current pattern 11 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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According to the chart of M30, EURGBP formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8615 and support 0.8598
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The Double Bottom pattern has been formed on EURCAD M15. Characteristics: the support level 1.5761; the resistance level 1.5828; the width of the pattern 67 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 M5, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4833 and support 0.4824
The M5 and M15 time frames may have more false entry points.
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