signal strength 4 of 5
According to the chart of H1, NZDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 85.24 – 85.24 and upper border 85.71 – 85.71. In case the lower border is broken, the instrument is likely to follow the downward trend.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- EURJPY
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- GBPCHF
- GBPJPY
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The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0662; the resistance level 1.0700; the width of the pattern 38 points. If the resistance level
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 AUDCHF M5 which signals that the downward trend will continue. If the price breaks below the low at 0.5193, then
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the AUDCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5193 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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