signal strength 2 of 5
The Double Bottom pattern has been formed on USDJPY M15. Characteristics: the support level 148.60; the resistance level 149.67; the width of the pattern 107 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 105 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Rectangle
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- Triple top
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According to the chart of M5, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8838 and support 0.8833
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0566
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the GBPCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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