signal strength 2 of 5
According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 85.78/85.88 and upper border is 85.99/85.88. The pattern width is measured on the chart at -21 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 NZDJPY breaches the lower border, the price could continue its move toward 85.65.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Bottom pattern has been formed on USDJPY M15. Characteristics: the support level 148.74; the resistance level 149.26; the width of the pattern 52 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 GBPJPY M15. Characteristics: the support level 192.71; the resistance level 193.38; the width of the pattern 67 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 34.30
The M5 and M15 time frames may have more false entry points.
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