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Actual patterns
Double Bottom
The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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.
Double Bottom
The Double Bottom pattern has been formed on EURGBP D1. 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 0.8788 is broken. The further movements will rely on the width of the current pattern 177 points.
Double Bottom
The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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.
Double Bottom
The Double Bottom pattern has been formed on EURGBP M5. Characteristics: the support level 0.8703; the resistance level 0.8710; the width of the pattern 7 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 7 points.
Double Bottom
The Double Bottom pattern has been formed on EURGBP M5; the upper boundary is 0.8719; the lower boundary is 0.8710. The width of the pattern is 9 points. In case of a break of the upper boundary 0.8719, 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.