signal strength 1 of 5
The Bearish pennant pattern has formed on the USDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 147.05 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- EURCAD
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- EURNZD
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The Double Bottom pattern has been formed on GOLD M15; the upper boundary is 3290.62; the lower boundary is 3281.66. The width of the pattern is 924 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 94.69; the lower boundary is 94.41. The width of the pattern is 29 points. In case
The M5 and M15 time frames may have more false entry points.
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On the chart of EURGBP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8529; the lower boundary 0.8507; the width of the pattern 22 points
The M5 and M15 time frames may have more false entry points.
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