signal strength 2 of 5
The Double Bottom pattern has been formed on USDCAD M15. 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 1.3853 is broken. The further movements will rely on the width of the current pattern 14 points.
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument SILVER M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 32.49, with the prospect
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The Double Bottom pattern has been formed on AUDCHF M30; the upper boundary is 0.5364; the lower boundary is 0.5347. The width of the pattern is 17 points. In case
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The Bearish pennant pattern has formed on the USDJPY H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 144.82; the projection
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