signal strength 2 of 5
The Double Bottom pattern has been formed on GBPJPY M15. Characteristics: the support level 191.13; the resistance level 191.94; the width of the pattern 81 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 82 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
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- EURCAD
- EURCHF
- EURGBP
- EURJPY
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- GBPCHF
- GBPJPY
- GBPUSD
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The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1056
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the AUDCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 143.40; the resistance level 143.49; 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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