signal strength 2 of 5
The Double Bottom pattern has been formed on NZDJPY M15. 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 85.83 is broken. The further movements will rely on the width of the current pattern 12 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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The Double Bottom pattern has been formed on EURCAD M15. Characteristics: the support level 1.5614; the resistance level 1.5628; the width of the pattern 14 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart USDJPY M5. Forecast: if the price breaks above the pattern high at 144.18, then
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument USDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 144.18, with the prospect
The M5 and M15 time frames may have more false entry points.
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