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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8365/0.8361 whereas the lower border goes across 0.8355/0.8361. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8361 is broken, the price could continue its move toward 0.8376.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- USDJPY
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The Triple Bottom pattern has formed on the chart of #MCD M5. Features of the pattern: The lower line of the pattern has coordinates 285.56 with the upper limit 285.56/285.36
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on #AMZN M5. 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.
Open chart in a new windowAccording to M5, #MCD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 285.56/285.36 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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