signal strength 1 of 5
On the chart of AUDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8911; the lower boundary 0.8894; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8879 level.
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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- GBPUSD
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The Double Bottom pattern has been formed on USDCHF M5. Characteristics: the support level 0.8107; the resistance level 0.8131; the width of the pattern 24 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3631 and 1.3497 are the coordinates
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According to the chart of M5, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.3534 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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