signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.15/161.86 and upper border is 162.37/161.86. The pattern width is measured on the chart at -122 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 EURJPY breaches the lower border, the price could continue its move toward 161.71.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Triple Bottom pattern has been formed on NZDCAD M15. It has the following characteristics: resistance level 0.8244/0.8239; support level 0.8224/0.8220; the width is 20 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 2.0832 is breached. Here
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0936; the lower boundary 2.0905; the width of the pattern 31 points
The M5 and M15 time frames may have more false entry points.
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