signal strength 1 of 5
The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.1336; the resistance level 1.1367; the width of the pattern 31 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 29 points.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
- M30
- H1
- D1
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- 5
According to the chart of H1, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8877 is likely to encourage a continuation
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According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5224/0.5232 whereas the upper border goes across 0.5240/0.5232
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M15; the upper boundary is 0.8145; the lower boundary is 0.8138. The width of the pattern is 6 points. In case
The M5 and M15 time frames may have more false entry points.
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