signal strength 4 of 5
According to the chart of H1, EURUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0861 - 0.0000 and support 1.0814 – 1.0814. In case the resistance level 1.0814 - 1.0814 is broken, the instrument is likely to follow the bearish trend.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
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- Triple top
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According to the chart of M5, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1046, the lower border is 1.1030. The signal means
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPAUD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 2.0798 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart USDCHF M15 which signals that the downward trend will continue. If the price breaks below the low at 0.8270, then
The M5 and M15 time frames may have more false entry points.
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