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The Double Bottom pattern has been formed on GBPJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 194.18 is broken. The further movements will rely on the width of the current pattern 71 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Triple top
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The Bearish Flag pattern has been formed on the chart GBPJPY M5 which signals that the downward trend will continue. If the price breaks below the low at 195.33, then
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bearish pennant pattern has formed on the GBPJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 195.33; the projection
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bearish Flag pattern has been formed on the chart AUDJPY M5 which signals that the downward trend will continue. If the price breaks below the low at 95.10, then
The M5 and M15 time frames may have more false entry points.
Open chart in a new window