signal strength 1 of 5
According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8835/1.8853 and upper border is 1.8866/1.8853. The pattern width is measured on the chart at -31 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURNZD breaches the lower border, the price could continue its move toward 1.8838.
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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- AUDCAD
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- EURCAD
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- EURGBP
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- EURNZD
- EURRUB
- EURUSD
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- GBPUSD
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According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7878 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDUSD H1. It has the following characteristics: resistance level 0.5638/0.5621; support level 0.5515/0.5481; the width is 123 points. In the event
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The Triple Bottom pattern has been formed on AUDUSD H1. It has the following characteristics: resistance level 0.6128/0.6086; support level 0.5933/0.5915; the width is 195 points. In the event
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