The M5 and M15 time frames may have more false entry points.
FX.co ★ EURJPY M15: Double Bottom
Signal strength 2 of 5
EURJPY M15: Double Bottom
The Double Bottom pattern has been formed on EURJPY M15. 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 161.61 is broken. The further movements will rely on the width of the current pattern 53 points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction