The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPJPY M15: Double Bottom
Signal strength 2 of 5
GBPJPY M15: Double Bottom
The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 150.45; the lower boundary is 150.30. The width of the pattern is 16 points. In case of a break of the upper boundary 150.45, 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.