signal strength 1 of 5
The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 144.36; the resistance level 144.51; the width of the pattern 15 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 14 points.
The M5 and M15 time frames may have more false entry points.
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- Rectangle
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- Triple top
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According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 198.65 - 0.00
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0792/2.0837 whereas the upper border goes across 2.0897/2.0837
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on NZDUSD M15. Characteristics: the upper boundary 0.5871; the lower boundary 0.5854; the width of the pattern is 16 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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