signal strength 1 of 5
The Bullish Flag pattern has been formed on NZDCAD at M5. The lower boundary of the pattern is located at 0.8184/0.8184, while the higher boundary lies at 0.8190/0.8190. The projection of the flagpole is 13 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.8190 is broken, the price will move further upwards.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 194.78; the resistance level 194.96; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.1120; the lower boundary is 1.1113. The width of the pattern is 7 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 86.98; the lower boundary 86.53; the width of the pattern is 47 points. Sell trades
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