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Double Bottom
was formed on 28.11 at 11:09:58 (UTC+0)
signal strength 1 of 5

Double Bottom GBPUSD M5

The Double Bottom pattern has been formed on GBPUSD 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 1.2654 is broken. The further movements will rely on the width of the current pattern 7 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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