signal strength 1 of 5
The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0988; the lower boundary is 2.0938. The width of the pattern is 51 points. In case of a break of the upper boundary 2.0988, 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.
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- Double Top
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- EURNZD
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- EURUSD
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- GBPCHF
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- GBPUSD
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The Bullish pennant pattern is formed on the GBPAUD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the EURNZD M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
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The Double Bottom pattern has been formed on EURNZD 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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