signal strength 1 of 5
The Double Bottom pattern has been formed on GBPJPY 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 187.02 is broken. The further movements will rely on the width of the current pattern 51 points.
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 0.6418; the lower boundary 0.6357; the width of the pattern is 59 points. Sell trades
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The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5923
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 191.23/190.50
The M5 and M15 time frames may have more false entry points.
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