signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.15/161.86 and upper border is 162.37/161.86. The pattern width is measured on the chart at -122 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 EURJPY breaches the lower border, the price could continue its move toward 161.71.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- GBPUSD
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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3320; the lower boundary 1.3308; 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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According to the chart of M30, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8869, the lower border is 0.8847. The signal means
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According to the chart of M15, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8869 and support 0.8847
The M5 and M15 time frames may have more false entry points.
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