signal strength 3 of 5
The Bullish Flag pattern has been formed on AUDCHF at M30. The lower boundary of the pattern is located at 0.5236/0.5230, while the higher boundary lies at 0.5242/0.5236. The projection of the flagpole is 15 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.5242 is broken, the price will move further upwards.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has formed on the chart of AUDJPY H1. Features of the pattern: The lower line of the pattern has coordinates 96.02 with the upper limit 96.02/95.79
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The Triple Bottom pattern has been formed on AUDCHF H1. It has the following characteristics: resistance level 0.5252/0.5250; support level 0.5240/0.5238; the width is 12 points. In the event
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.48; the lower boundary 198.88; the width of the pattern 60 points
The M5 and M15 time frames may have more false entry points.
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