signal strength 2 of 5
According to the chart of M15, EURNZD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.8933 – 1.8933 and upper border 1.8970 – 1.8970. In case the lower border is broken, the instrument is likely to follow the downward trend.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5854/0.5849; support level 0.5843/0.5842; the width is 11 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPJPY M30. It has the following characteristics: resistance level 199.39/199.36; support level 199.18/199.16; the width is 21 points. In the event
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The Bullish pennant pattern is formed on the NZDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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