signal strength 1 of 5
According to the chart of M5, EURJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 164.66 while the median line of the Neck is found at 164.28/164.55. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURJPY will go towards 164.81
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Bottom pattern has been formed on AUDCHF H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Double Bottom pattern has been formed on NZDCHF M15. 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 Triple Bottom pattern has formed on the chart of EURJPY M5. Features of the pattern: The lower line of the pattern has coordinates 162.54 with the upper limit 162.54/162.42
The M5 and M15 time frames may have more false entry points.
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