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FX.co ★ EURJPY M5: Double Bottom

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Technical Analysis Patterns

2021-06-16T08:45:55
Signal strength 1 of 5

EURJPY M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 133.24; the resistance level 133.38; the width of the pattern 14 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 13 points.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by EURJPY