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The Double Bottom pattern has been formed on NZDJPY M30. 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 88.56 is broken. The further movements will rely on the width of the current pattern 39 points. FX.co ★ NZDJPY M30: Double Bottom
Signal strength 3 of 5
NZDJPY M30: Double Bottom
The Double Bottom pattern has been formed on NZDJPY M30. 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 88.56 is broken. The further movements will rely on the width of the current pattern 39 points. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade