signal strength 2 of 5
The Double Bottom pattern has been formed on EURCHF M15; the upper boundary is 0.9549; the lower boundary is 0.9528. The width of the pattern is 20 points. In case of a break of the upper boundary 0.9549, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
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- Triple top
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- AUDCAD
- AUDCHF
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- AUDUSD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPJPY
- GBPUSD
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According to the chart of M5, AUDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURGBP formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8354 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5033 and support 0.5024
The M5 and M15 time frames may have more false entry points.
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