The M5 and M15 time frames may have more false entry points.
FX.co ★ NZDUSD M5: Double Bottom
Signal strength 1 of 5
NZDUSD M5: Double Bottom
The Double Bottom pattern has been formed on NZDUSD M5. Characteristics: the support level 0.5770; the resistance level 0.5778; the width of the pattern 8 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 8 points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction