signal strength 1 of 5
The Double Bottom pattern has been formed on USDJPY 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 149.29 is broken. The further movements will rely on the width of the current pattern 15 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- EURUSD
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According to the chart of M15, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1378/1.1361
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on USDCHF at M15. The lower boundary of the pattern is located at 0.8206/0.8222 while the upper boundary lies at 0.8224/0.8240. The projection
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the USDCHF M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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