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According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 93.10/92.93 whereas the lower border goes across 92.76/92.93. The pattern width is measured on the chart at 34 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 92.93 is broken, the price could continue its move toward 93.08.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9137 and support 0.9128
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowOn the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8111; the lower boundary 0.8081; the width of the pattern 30 points
Open chart in a new windowThe Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0432; the resistance level 2.0441; the width of the pattern 9 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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