signal strength 1 of 5
According to the chart of M5, AUDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 94.69 and support 94.62. In case the resistance level 94.69 - 94.69 is broken, the instrument is likely to follow the bullish trend.
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 Triple Bottom pattern has been formed on EURCHF M5. It has the following characteristics: resistance level 0.9264/0.9239; support level 0.9237/0.9233; the width is 27 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on EURJPY at M30. The lower boundary of the pattern is located at 162.05/162.27 while the upper boundary lies at 162.33/162.55. The projection
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The Bearish pennant pattern has formed on the EURJPY M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 162.05; the projection
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