signal strength 3 of 5
According to the chart of M30, USDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8020, the lower border is 0.7977. The signal means that a short position should be opened after fixing a price below the lower border 0.7977 of the Bearish Rectangle.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5874
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on GBPAUD at M5. The lower boundary of the pattern is located at 2.0668/2.0672 while the upper boundary lies at 2.0672/2.0676. The projection
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. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 2.0668; the projection
The M5 and M15 time frames may have more false entry points.
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