The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPUSD M5: Double Bottom
Signal strength 1 of 5
GBPUSD M5: Double Bottom
The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.2451; the lower boundary is 1.2440. The width of the pattern is 10 points. In case of a break of the upper boundary 1.2451, 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.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction