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Double Bottom
was formed on 28.03 at 09:21:05 (UTC+0)
signal strength 1 of 5

Double Bottom NZDUSD M5

The Double Bottom pattern has been formed on NZDUSD M5. Characteristics: the support level 0.5706; the resistance level 0.5714; the width of the pattern 8 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 8 points.

The M5 and M15 time frames may have more false entry points.

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Instrument
Timeframe
Trend
Signal Strength
 
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