signal strength 1 of 5
The Bearish pennant pattern has formed on the #NTDOY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 17.87 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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On the chart of NZDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 86.38; the lower boundary 85.80; the width of the pattern 58 points
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The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.1284; the resistance level 1.1300; the width of the pattern 16 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, GBPJPY formed the Head and Shoulders pattern. The Head’s top is set at 195.33 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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