signal strength 1 of 5

The Double Bottom pattern has been formed on #FB M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 523.77 is broken. The further movements will rely on the width of the current pattern 721 points.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 96.51; the resistance level 96.61; the width of the pattern 10 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of H1, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8877 is likely to encourage a continuation
Open chart in a new windowAccording to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5224/0.5232 whereas the upper border goes across 0.5240/0.5232
The M5 and M15 time frames may have more false entry points.
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