signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0894 and support 2.0853. In case the resistance level 2.0894 - 2.0894 is broken, the instrument is likely to follow the bullish trend.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The technical pattern called Head and Shoulders has appeared on the chart of EURUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 1.1569/1.1572 after
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on USDCHF at M5. The lower boundary of the pattern is located at 0.8124/0.8120, while the higher boundary lies at 0.8126/0.8122. The projection
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant graphic pattern has formed on the USDCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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