signal strength 1 of 5
According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8825/0.8830 whereas the upper border goes across 0.8835/0.8830. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of USDCHF will breach the upper border to head for 0.8845.
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 M15. Characteristics: the support level 143.99; the resistance level 144.40; the width of the pattern 41 points. If the resistance level
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 143.99; the resistance level 144.40; the width of the pattern 41 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
According to the chart of M15, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3591 and support 1.3576
The M5 and M15 time frames may have more false entry points.
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