signal strength 2 of 5
The Bearish pennant pattern has formed on the AUDJPY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 90.01 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 2.0398; the lower boundary 2.0343; the width of the pattern is 54 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 99.35, the lower border is 99.26. The signal means
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 202.63 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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