signal strength 1 of 5
On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 193.99; the lower boundary 193.52; the width of the pattern 47 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 193.37 level.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 84.21 and 83.88 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4976/0.5167 whereas the upper border goes across 0.5310/0.5167
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The Double Top pattern has been formed on NZDUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5826
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