signal strength 2 of 5
According to the chart of M15, USDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 143.17 while the median line of the Neck is found at 142.25/142.78. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDJPY will go towards 143.40
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 94.55; the lower boundary 94.18; the width of the pattern 37 points
The M5 and M15 time frames may have more false entry points.
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On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3722; the lower boundary 1.3700; the width of the pattern 22 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M30. Characteristics: the support level 144.62; the resistance level 145.96; the width of the pattern 134 points. If the resistance level
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