The M5 and M15 time frames may have more false entry points.
FX.co ★ EURNZD M5: Double Bottom
Signal strength 1 of 5
EURNZD M5: Double Bottom
The Double Bottom pattern has been formed on EURNZD 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 1.6563 is broken. The further movements will rely on the width of the current pattern 15 points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade