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.
See Also
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- Double Top
- Flag
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- Pennant
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The Bearish pennant pattern has formed on the #NTDOY M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #NTDOY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 16.77 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #AMZN M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 183.52 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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