The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPUSD M5: Triple Bottom
Signal strength 1 of 5
GBPUSD M5: Triple Bottom
The Triple Bottom pattern has formed on the chart of GBPUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.2478 with the upper limit 1.2478/1.2477, the projection of the width is 8 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.2470, the price is most likely to continue the upward movement.
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