signal strength 1 of 5
According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 144.46, the lower border is 144.24. The signal means that a long position should be opened above the upper border 144.46 of the Bullish Rectangle.
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
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- Triple top
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The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.6034; the lower boundary 0.6024; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6516; the lower boundary 0.6506; the width of the pattern 10 points
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the GBPAUD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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