signal strength 2 of 5
The Bullish Flag pattern has been formed on EURJPY at M15. The lower boundary of the pattern is located at 163.36/163.14, while the higher boundary lies at 163.60/163.38. The projection of the flagpole is 62 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 163.60 is broken, the price will move further upwards.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1512; the lower boundary 1.1504; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 195.54; the resistance level 195.72; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 144.13; the resistance level 144.33; the width of the pattern 20 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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