signal strength 1 of 5
The Bullish Flag pattern has been formed on GBPJPY at M5. The lower boundary of the pattern is located at 193.87/193.77, while the higher boundary lies at 193.95/193.85. The projection of the flagpole is 42 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 193.95 is broken, the price will move further upwards.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on NZDJPY M5. 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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According to the chart of M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5954 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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According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0470/2.0498 and upper border is 2.0537/2.0498. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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