signal strength 1 of 5
According to the chart of M5, USDJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 154.30 while the median line of the Neck is set at 154.70/154.64. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDJPY will go towards 154.79.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Triple Bottom pattern has formed on the chart of the EURGBP M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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According to the chart of M5, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5349, the lower border is 0.5342. The signal means
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 EURCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
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