signal strength 3 of 5
The Double Bottom pattern has been formed on EURUSD M30. Characteristics: the support level 1.0777; the resistance level 1.0830; the width of the pattern 53 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 52 points.
See Also
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- Double Top
- Flag
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- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on AUDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6487
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8156 and 0.8138 are the coordinates
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on AUDUSD M30. Characteristics: the upper boundary 0.6495; the lower boundary 0.6484; the width of the pattern is 12 points. Sell trades
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