signal strength 1 of 5
On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 90.75; the lower boundary 90.50; the width of the pattern 25 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90.35 level.
The M5 and M15 time frames may have more false entry points.
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- GBPAUD
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According to the chart of H1, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3631 and 1.3497 are the coordinates
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According to the chart of M5, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.3534 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the GOLD H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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