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The Double Bottom pattern has been formed on GOLD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 3036.35 is broken. The further movements will rely on the width of the current pattern 1989 points.
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the USDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 147.05 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on EURCAD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 164.71, the lower border is 164.55. The signal means
The M5 and M15 time frames may have more false entry points.
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