signal strength 1 of 5
The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0963; the lower boundary is 2.0952. The width of the pattern is 12 points. In case of a break of the upper boundary 2.0963, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit 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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- AUDCAD
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- EURCHF
- EURGBP
- EURJPY
- EURNZD
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- EURUSD
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- GBPJPY
- GBPUSD
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- NZDCAD
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- NZDUSD
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- USDCAD
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The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.6026; the lower boundary 1.6010; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.6026, the lower border is 1.6017. The signal means
The M5 and M15 time frames may have more false entry points.
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On the chart of the SILVER M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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