Joined Dec 2016
Status: Athlete(Shooting), Freelancer
Double Bottom was formed on 04.04 at 18:00:19 (UTC+0) signal strength 1 of 5
Attached Image (click to enlarge)
The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.6604; the lower boundary is 1.6585. The width of the pattern is 19 points. In case of a break of the upper boundary 1.6604, 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.