signal strength 2 of 5
According to the chart of M15, USDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8576 while the median line of the Neck is found at 0.8476/0.8542. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.8598
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 AUDJPY M15. Characteristics: the support level 94.03; the resistance level 94.23; the width of the pattern 20 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 GBPCHF M15. 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.
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The Triple Bottom pattern has formed on the chart of NZDCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.4843 with the upper limit 0.4843/0.4839
The M5 and M15 time frames may have more false entry points.
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