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GBPJPY Adam Eve Double Bottom Pattern Sample

GBPJPY Adam Eve Double Bottom Pattern Sample

As seen on the chart the pair made two bottoms at 131.250.

The first bottom is Adam, which is a narrow pointed bottom. The second bottom is an Eve bottom. Eve bottoms are more rounded looking and wider.

The neckline of the pattern is 133.750.

The trading strategy is to buy the breakout of the neckline. The targets of the pattern are 134.200 134.900 and 135.920.

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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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