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Double Bottom
was formed on 07.04 at 08:55:04 (UTC+0)
signal strength 1 of 5

Double Bottom AUDUSD M5

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6015; the lower boundary is 0.5997. The width of the pattern is 15 points. In case of a break of the upper boundary 0.6015, 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.

Figure
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Instrument
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  • Bearish Rectangle
  • Bearish Symmetrical Triangle
  • Bearish Symmetrical Triangle
  • Bullish Rectangle
  • Double Top
  • Double Top
  • Triple Bottom
  • Triple Bottom
  • Triple Top
  • Triple Top
Timeframe
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Trend
  • All
  • Buy
  • Sale
Signal Strength
  • All
  • 1
  • 2
  • 3
  • 4
  • 5
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