signal strength 3 of 5
The Double Bottom pattern has been formed on NZDCAD M30. 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 0.8182 is broken. The further movements will rely on the width of the current pattern 10 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
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- USDCHF
- USDJPY
- USDRUB
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The EURNZD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.9070, the Neckline and the upward angle are at 1.9037/1.9038. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, EURCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.5640, the lower border is 1.5616. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, EURCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.5616
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