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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- EURNZD
- EURRUB
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The Double Top pattern has been formed on NZDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4911
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURNZD M15; the upper boundary is 1.9057; the lower boundary is 1.9027. The width of the pattern is 29 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on NZDCHF M5. Characteristics: the upper boundary 0.4922; the lower boundary 0.4911; the width of the pattern is 12 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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