signal strength 1 of 5
The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 189.00; the lower boundary is 188.55. The width of the pattern is 44 points. In case of a break of the upper boundary 189.00, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Triple top
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According to the chart of M15, GBPCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.1116 while the median line of the Neck
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 EURCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.9347 with the upper limit 0.9347/0.9342
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 195.33 and 194.79 are the coordinates
The M5 and M15 time frames may have more false entry points.
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