signal strength 1 of 5
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 at 0.8350/0.8352. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURGBP will go towards 0.8369
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 M5. Characteristics: the support level 194.68; the resistance level 194.84; the width of the pattern 16 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 NZDJPY M5; the upper boundary is 86.73; the lower boundary is 86.53. The width of the pattern is 20 points. In case
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 M5; the upper boundary is 195.10; the lower boundary is 194.74. The width of the pattern is 35 points. In case
The M5 and M15 time frames may have more false entry points.
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