signal strength 1 of 5
The Triple Bottom pattern has been formed on GBPCHF M5. It has the following characteristics: resistance level 1.1051/1.1041; support level 1.1032/1.1029; the width is 19 points. In the event of a breakdown of the resistance level of 1.1051, the price is likely to continue an upward movement at least to 1.1046.
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 Double Top reversal pattern has been formed on EURJPY M15. Characteristics: the upper boundary 162.59; the lower boundary 162.19; the width of the pattern is 41 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart USDCAD M5 which signals that the downward trend will continue. If the price breaks below the low at 1.3831, then
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the USDCAD M5 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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