signal strength 1 of 5
The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.8862; the resistance level 0.8872; the width of the pattern 10 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 11 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
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- Triple top
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The Triple Bottom pattern has formed on the chart of AUDUSD M5. Features of the pattern: The lower line of the pattern has coordinates 0.6554 with the upper limit 0.6554/0.6552
The M5 and M15 time frames may have more false entry points.
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The NZDUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.5987, the Neckline and the upward angle are at 0.5965/0.5967. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3590 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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