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Double Bottom
was formed on 08.08 at 15:15:58 (UTC+0)
signal strength 2 of 5

Double Bottom NZDUSD M15

The Double Bottom pattern has been formed on NZDUSD M15; the upper boundary is 0.5955; the lower boundary is 0.5943. The width of the pattern is 11 points. In case of a break of the upper boundary 0.5955, 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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Figure
Instrument
Timeframe
Trend
Signal Strength
 
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