was formed on 17.12 at 14:00:16 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
The Double Bottom pattern has formed on the USDJPY M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 153.89. The projected move is based on the pattern width of 17 points.
The M5 and M15 time frames may generate more false entry signals.
Figure
Instrument
Timeframe
Trend
Signal Strength
