Actual patterns

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Actual patterns

Double Bottom

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was formed on 22.04 at 11:50:17 (UTC+0)
signal strength 1 of 5

The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.3389; the lower boundary is 1.3369. The width of the pattern is 21 points. In case of a break of the upper boundary 1.3389, 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.

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Double Bottom