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The interpretation will differ depending on the significance of the levels breached (for example, the price breaking through a multi-year resistance line is more important than the RSI reaching a previously unbreached level.

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Get RSS feeds on a variety of news topics maintained by our editors or create your custom newsfeeds on any topic. Forex pin bar an example of a more complex pattern combination, a reversal candlestick piercing a Bollinger band on a RSI divergence can be a high probability reversal setup as you can see on the daily GBPJPY chart below.

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