signal strength 1 of 5
The Bearish pennant pattern has formed on the GOLD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 3342.42 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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- Double Top
- Flag
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- Rectangle
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- Triple top
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According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 196.04 and 195.76 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8211/0.8214 whereas the upper border goes across 0.8218/0.8214
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURJPY M15. Characteristics: the upper boundary 165.18; the lower boundary 165.01; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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