signal strength 2 of 5
According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4890/0.4907 and upper border is 0.4926/0.4907. The pattern width is measured on the chart at -36 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDCHF breaches the lower border, the price could continue its move toward 0.4884.
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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- #AAPL
- #AMZN
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- EURNZD
- EURRUB
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- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
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The Triple Bottom pattern has formed on the chart of #Bitcoin M5. Features of the pattern: The lower line of the pattern has coordinates 116154.33 with the upper limit 116154.33/115498.43
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 88.49; the resistance level 88.56; the width of the pattern 7 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, #PEP produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 143.96 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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