signal strength 2 of 5
The Double Bottom pattern has been formed on NZDCAD M15; the upper boundary is 0.8244; the lower boundary is 0.8228. The width of the pattern is 16 points. In case of a break of the upper boundary 0.8244, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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On the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5664; the lower boundary 0.5651; the width of the pattern 13 points
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5651
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
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