signal strength 2 of 5
The Double Bottom pattern has been formed on AUDCHF M15; the upper boundary is 0.5474; the lower boundary is 0.5459. The width of the pattern is 16 points. In case of a break of the upper boundary 0.5474, 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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According to the chart of M30, AUDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.5043 while the median line of the Neck
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The Triple Bottom pattern has formed on the chart of the USDCHF M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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The Triple Bottom pattern has formed on the chart of the USDCHF M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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