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EURCAD - Double Top (60 Pips)

A Double Top pattern, slightly dis-proportioned, appeared at the EUR\CAD. The second top is lower than the first - which enforces the strength of the pattern - the buyers did not even reach the previous high, which indicates that sellers are gaining strength.

However, the pattern has not been validated as the neckline was not broken yet.

Trading: Wait for the neckline to break and enter short trade. Conservative traders will wait for pullback to enter a more reliable trade.

100 Pips Double Bottom in USD\CHF

A very precise Double Bottom chart pattern is now present at the USDCHF, at 1-hour chart. Size of the pattern is 100 pips which offers great potential for profits. Price is now struggling with the neckline and after it breaks price is expected to rise to 1.440 which is the target.

The Double Bottom is a highly reliable chart pattern which leads to reversal of trend in more than 70% of the time - this one is especially large and will offer entries with high Risk:Reward ratio.

100 Pips Double Bottom - USD\JPY

A double bottom pattern has been formed at the USD\JPY pair - pattern is 100 pips in size and looks very precise. This is a reliable pattern in which price stops twice at the same support level - which eventually leads to a beginning of a bullish movement.

Trading: Enter long at the breakout, or at the pullback to the neckline. Target is 100 pips from the breakout location.

400 Pips Double Bottom in GBP\JPY

A Double Bottom is now present at the volatile pair of GBP\JPY, at 4-hours chart. The pattern is not a standard double bottom but a asymmetric one, whose 2nd bottom is higher than the 1st. This is a sign of a POWERFUL pattern - as it indicates that the buyers are even stronger at the second bottom and therefore gaining strength quickly.

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