signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 194.35; the projection of the flagpole height is equal to 38 pips. In case the price breaks out the pattern’s bottom of 194.35, the downtrend is expected to continue for further level 194.20.
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0749; the lower boundary 2.0741; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 166.67 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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