signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.1337 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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The Double Bottom pattern has been formed on NZDCHF M15; the upper boundary is 0.4854; the lower boundary is 0.4844. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF M15. 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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The EURJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 162.14, the Neckline and the upward angle are at 161.98/161.96. The formation
The M5 and M15 time frames may have more false entry points.
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