signal strength 2 of 5
The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 193.24; the lower boundary is 192.29. The width of the pattern is 96 points. In case of a break of the upper boundary 193.24, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
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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- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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- USDCAD
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- USDRUB
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The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3182.64
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument GBPUSD M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.2999, with the prospect
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The Double Top pattern has been formed on EURUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1158
The M5 and M15 time frames may have more false entry points.
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