signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.76/161.96 and upper border is 162.13/161.96. The pattern width is measured on the chart at -37 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURJPY breaches the lower border, the price could continue its move toward 161.81.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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 2.0824 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCAD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8207 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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