signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 86.84/86.86 after the right shoulder has been formed. So, the trend is set to change with the price heading for 86.71.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GOLD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 3281.38
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GOLD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 3290.62, the lower border is 3281.38. The signal means
The M5 and M15 time frames may have more false entry points.
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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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