signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 193.35/193.57 and upper border is 193.89/193.57. The pattern width is measured on the chart at -54 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 GBPJPY breaches the lower border, the price could continue its move toward 193.42.
The M5 and M15 time frames may have more false entry points.
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- Rectangle
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- Triple top
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The Double Bottom pattern has been formed on AUDCHF M5. Characteristics: the support level 0.5304; the resistance level 0.5320; the width of the pattern 16 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9026; the lower boundary 1.9002; the width of the pattern 24 points
The M5 and M15 time frames may have more false entry points.
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The EURJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 163.12, the Neckline and the upward angle are at 162.77/162.76. The formation
The M5 and M15 time frames may have more false entry points.
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