best forex trading strategy for Double Bottoms

what do you mean by double bottom sir. have you used it for quite a long time. Are the results satisfying and can provide a very good profit in your trading? I really want to learn the techniques that you shared in this forum. maybe you can help me

this technique has actually been around for a long time and is one of the best trading techniques and has a high level of accuracy to determine the direction of future price movements

what do you mean by double bottom sir. have you used it for quite a long time. Are the results satisfying and can provide a very good profit in your trading? I really want to learn the techniques that you shared in this forum. maybe you can help me

after learning this trading technique is it practiced in the trade that is done everyday and how the results

I still don't understand and this is still trying to learn this trading technique

best forex trading strategy for Double Bottoms

Published by bestsignals on October 27, 2018

Double Bottoms and best trading strategy
 Downward price trend
 The short-term price trend leading to a double bottom is down.
 Two valleys
 Look for two valleys that bottom near the same price. Near means within about 5 percent.
 The bottoms should look as if they are at the same price.
 Valley separation
 The time between bottoms varies, but two to seven weeks results in the best performance.
 Peak
 The peak between the two bottoms should measure at least 10 percent, but exceptions
 are numerous, making this guideline almost useless.
 Confirmation
 Price must close above the highest peak between the two bottoms. If price closes below
 the lowest bottom before confirmation, it invalidates the double bottom.

A double bottom is a twin valley pattern with valleys that bottom near the same price.

The double bottom acts as a bullish reversal of the downward price trend.

The time between bottoms and the price variation is less important than confirmation. An unconfirmed double bottom is just squiggles on a price chart

Reversal chart patterns, such as double bottoms, must have something to reverse.

If the price trend leading down to the double bottom is shallow, do not expect a large rise after confirmation.

best trading strategy Trade with market trend To improve your odds, trade this bullish pattern in a bull market.

Measure rule
 Compute the height from the highest high between
 the two bottoms to the lower of the two bottoms then
 add the difference to the highest high. The result is the
 target price.

double bottom and double top
I think if the science of supply and demand is FTB (fist time back)
and this technique to remember very high accuracy of almost 90%
many people who use this technique, including me
but for filtering double bottom / ftb is a good supply / demand zone that has never been touched by price

the zone is very profitable

best forex trading strategy for Double Bottoms

Published by bestsignals on October 27, 2018

Double Bottoms and best trading strategy
 Downward price trend
 The short-term price trend leading to a double bottom is down.
 Two valleys
 Look for two valleys that bottom near the same price. Near means within about 5 percent.
 The bottoms should look as if they are at the same price.
 Valley separation
 The time between bottoms varies, but two to seven weeks results in the best performance.
 Peak
 The peak between the two bottoms should measure at least 10 percent, but exceptions
 are numerous, making this guideline almost useless.
 Confirmation
 Price must close above the highest peak between the two bottoms. If price closes below
 the lowest bottom before confirmation, it invalidates the double bottom.

A double bottom is a twin valley pattern with valleys that bottom near the same price.

The double bottom acts as a bullish reversal of the downward price trend.

The time between bottoms and the price variation is less important than confirmation. An unconfirmed double bottom is just squiggles on a price chart

Reversal chart patterns, such as double bottoms, must have something to reverse.

If the price trend leading down to the double bottom is shallow, do not expect a large rise after confirmation.

best trading strategy Trade with market trend To improve your odds, trade this bullish pattern in a bull market.

Measure rule
 Compute the height from the highest high between
 the two bottoms to the lower of the two bottoms then
 add the difference to the highest high. The result is the
 target price.

double bottom and double top strategies are usually called the W and M patterns, the explanation is W to represent the double bottom, and M to represent the double top, this strategy is usually a trend reversal and is very good for entry positions and profit.

a simple example like in the picture

can u explain more details with the running chart also in what timeframe it will work?thanks

in fact the pattern remains the same for the double bottom or double top strategy, even if it is run for any period of time.

the higher time frame used, the higher the trend generated.

best forex trading strategy for Double Bottoms

Useful information and insight into how to trade Good and true, I hope you and all the more successful in forex trading:-*

I also concluded that this was very good information to add insight to traders

I want to add about the strategy of double top or double bottom, eliminating any fake signals and making mistakes in position entries, so be careful.

make a position entry if the candle is close and the signal is really visible.