signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.80/161.99 and upper border is 162.17/161.99. The pattern width is measured on the chart at -37 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURJPY breaches the lower border, the price could continue its move toward 161.84.
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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The Triple Bottom pattern has been formed on AUDCHF M5. It has the following characteristics: resistance level 0.5340/0.5335; support level 0.5331/0.5332; the width is 9 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURNZD D1. Characteristics: the support level 1.8805; the resistance level 1.9150; the width of the pattern 345 points. If the resistance level
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The Double Bottom pattern has been formed on #Bitcoin M15. Characteristics: the support level 108349.64; the resistance level 108909.75; the width of the pattern 56011 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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