signal strength 2 of 5
The Double Bottom pattern has been formed on GBPCHF M15. 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 1.0871 is broken. The further movements will rely on the width of the current pattern 25 points.
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the USDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 191.00
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 162.27; the lower boundary 162.21; the width of the pattern is 7 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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