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Double Bottom
was formed on 20.05 at 03:50:32 (UTC+0)
signal strength 1 of 5

Double Bottom GBPJPY M5

The Double Bottom pattern has been formed on GBPJPY 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 194.18 is broken. The further movements will rely on the width of the current pattern 71 points.

The M5 and M15 time frames may have more false entry points.

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