signal strength 1 of 5
According to the chart of M5, USDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 144.19 while the median line of the Neck is found at 143.77/144.02. 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 USDJPY will go towards 144.34
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5853
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 the GBPAUD H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 2.0756; the lower boundary is 2.0738. The width of the pattern is 20 points. In case
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