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Double Bottom
was formed on 21.04 at 06:05:07 (UTC+0)
signal strength 1 of 5

Double Bottom USDJPY M5

The Double Bottom pattern has been formed on USDJPY M5. 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 140.85 is broken. The further movements will rely on the width of the current pattern 17 points.

The M5 and M15 time frames may have more false entry points.

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Instrument
Timeframe
Trend
Signal Strength
 
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