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FX.co ★ EURUSD H1: Double Bottom

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Technical Analysis Patterns

2024-11-22T08:00:29
Signal strength 4 of 5

EURUSD H1: Double Bottom

Double BottomThe Double Bottom pattern has been formed on EURUSD H1. 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 1.0478 is broken. The further movements will rely on the width of the current pattern 16 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 EURUSD