signal strength 2 of 5
The Triple Bottom pattern has formed on the chart of EURNZD M15. Features of the pattern: The lower line of the pattern has coordinates 1.9443 with the upper limit 1.9443/1.9398, the projection of the width is 110 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.9333, the price is most likely to continue the upward movement.
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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The Double Bottom pattern has been formed on NZDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, NZDUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5727, the lower border is 0.5708. The signal means
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According to the chart of M5, AUDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.6563 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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