signal strength 1 of 5
The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 144.64; the resistance level 144.91; the width of the pattern 27 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 29 points.
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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According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6489
The M5 and M15 time frames may have more false entry points.
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The GBPUSD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3471, the Neckline and the upward angle are at 1.3455/1.3455. The formation
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDCAD M15; the upper boundary is 0.8959; the lower boundary is 0.8946. The width of the pattern is 14 points. In case
The M5 and M15 time frames may have more false entry points.
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