The M5 and M15 time frames may have more false entry points.
FX.co ★ #NTDOY M5: Double Bottom
Signal strength 1 of 5
#NTDOY M5: Double Bottom
The Double Bottom pattern has been formed on #NTDOY M5; the upper boundary is 55.99; the lower boundary is 55.87. The width of the pattern is 11 points. In case of a break of the upper boundary 55.99, 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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade