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Double Bottom
was formed on 03.06 at 14:00:20 (UTC+0)
signal strength 2 of 5

Double Bottom NZDCAD M15

The Double Bottom pattern has been formed on NZDCAD M15; the upper boundary is 0.8244; the lower boundary is 0.8228. The width of the pattern is 16 points. In case of a break of the upper boundary 0.8244, 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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