Double Bottom
was formed on 05.08 at 02:45:10 (UTC+0)
signal strength 2 of 5
The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 195.52; the lower boundary is 195.00. The width of the pattern is 52 points. In case of a break of the upper boundary 195.52, 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.
Figure
Instrument
Timeframe
Trend
Signal Strength