signal strength 1 of 5
The Triple Bottom pattern has formed on the chart of NZDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.8217 with the upper limit 0.8217/0.8215, the projection of the width is 10 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.8207, the price is most likely to continue the upward movement.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6615; the lower boundary 0.6602; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDUSD M5. 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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According to the chart of M30, NZDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.5960 while the median line of the Neck is found
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