signal strength 3 of 5
The Double Bottom pattern has been formed on NZDUSD M30. 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 0.5909 is broken. The further movements will rely on the width of the current pattern 20 points.
See Also
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- Triple top
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According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 95.31/95.26
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 95.31 and support 95.22
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5936; the resistance level 1.5947; the width of the pattern 11 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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