signal strength 1 of 5
According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 94.56 - 0.00 and support 94.41 – 94.41. In case the resistance level 94.41 - 94.41 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 202.33; the lower boundary 201.79; the width of the pattern is 55 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant graphic pattern has formed on the AUDCAD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0558
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