signal strength 3 of 5
The Double Bottom pattern has been formed on AUDJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 94.07 is broken. The further movements will rely on the width of the current pattern 16 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, NZDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.6019 and 0.6012 are the coordinates
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument AUDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 97.13, with the prospect
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. The pattern signals continuation of the downtrend in case the pennant’s low of 2.0412 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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