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Double Bottom
was formed on 28.07 at 23:20:31 (UTC+0)
signal strength 1 of 5

Double Bottom GBPJPY M5

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 198.31; the resistance level 198.40; the width of the pattern 9 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 8 points.

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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