signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8929 - 0.0000 and support 0.8920 – 0.8920. In case the resistance level 0.8920 - 0.8920 is broken, the instrument is likely to follow the bearish trend.
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
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The Double Top pattern has been formed on AUDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5254
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The Double Bottom pattern has been formed on AUDUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 199.10; the lower boundary is 198.75. The width of the pattern is 32 points. In case
The M5 and M15 time frames may have more false entry points.
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