signal strength 1 of 5
The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.1344; the resistance level 1.1356; the width of the pattern 12 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 13 points.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1094; the lower boundary 1.1083; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5841 is likely to encourage a continuation
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 USDCHF H1. Characteristics: the upper boundary 0.8474; the lower boundary 0.8409; the width of the pattern is 66 points. Sell trades
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