signal strength 1 of 5
The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6399; the resistance level 0.6405; the width of the pattern 6 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 6 points.
The M5 and M15 time frames may have more false entry points.
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- Flag
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- Triple top
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The Bearish Flag pattern has been formed on the chart GBPUSD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.3516 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.6499 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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