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Double Bottom
was formed on 28.07 at 17:00:02 (UTC+0)
signal strength 1 of 5

Double Bottom GBPJPY M5

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 198.96; the lower boundary is 198.74. The width of the pattern is 22 points. In case of a break of the upper boundary 198.96, 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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