signal strength 2 of 5
According to the chart of M15, AUDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.6468/0.6499 and upper border is 0.6523/0.6499. The pattern width is measured on the chart at -55 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDUSD breaches the lower border, the price could continue its move toward 0.6477.
The M5 and M15 time frames may have more false entry points.
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on AUDCHF M30; the upper boundary is 0.5251; the lower boundary is 0.5241. The width of the pattern is 11 points. In case
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The Double Bottom pattern has been formed on NZDCHF M30. Characteristics: the support level 0.4773; the resistance level 0.4781; the width of the pattern 8 points. If the resistance level
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On the chart of GBPJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 200.13; the lower boundary 198.57; the width of the pattern 156 points
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