signal strength 1 of 5
The Double Bottom pattern has been formed on SILVER M5. 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 33.02 is broken. The further movements will rely on the width of the current pattern 35 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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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
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The Double Bottom pattern has been formed on AUDJPY M15. Characteristics: the support level 93.91; the resistance level 94.02; the width of the pattern 11 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.0950 is breached. Here
The M5 and M15 time frames may have more false entry points.
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