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FX.co ★ EURGBP M5: Double Bottom

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Technical Analysis Patterns

2025-04-15T12:40:16
Signal strength 1 of 5

EURGBP M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on EURGBP 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 0.8562 is broken. The further movements will rely on the width of the current pattern 6 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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Other patterns by EURGBP