signal strength 1 of 5
The Triple Bottom pattern has been formed on NZDJPY M5. It has the following characteristics: resistance level 87.76/87.71; support level 87.60/87.59; the width is 16 points. In the event of a breakdown of the resistance level of 87.76, the price is likely to continue an upward movement at least to 87.77.
The M5 and M15 time frames may have more false entry points.
See Also
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- Rectangle
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- Triple top
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According to the chart of M30, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5976 and support 0.5955
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According to the chart of M15, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5976, the lower border is 0.5955. The signal means
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.3556; the lower boundary is 1.3551. The width of the pattern is 5 points. In case
The M5 and M15 time frames may have more false entry points.
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