Double Bottom
was formed on 02.07 at 02:50:25 (UTC+0)
signal strength 1 of 5

Double Bottom NZDJPY M5

The Double Bottom pattern has been formed on NZDJPY M5. 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 69.61 is broken. The further movements will rely on the width of the current pattern 11 points.

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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