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FX.co ★ GBPUSD M5: Double Bottom

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Technical Analysis Patterns

2024-05-03T17:20:18
Signal strength 1 of 5

GBPUSD M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on GBPUSD M5. Characteristics: the support level 1.2538; the resistance level 1.2546; 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.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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