signal strength 2 of 5
The Double Bottom pattern has been formed on USDJPY M15. Characteristics: the support level 142.26; the resistance level 143.29; the width of the pattern 103 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 104 points.
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 195.89; the lower boundary 195.18; the width of the pattern 71 points
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According to the chart of M5, EURUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1500 and support 1.1491
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 145.78 and support 145.36
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