signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 194.07/194.28 whereas the upper border goes across 194.49/194.28. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPJPY will breach the upper border to head for 194.43.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Triple Bottom pattern has been formed on AUDUSD M15. It has the following characteristics: resistance level 0.6537/0.6526; support level 0.6517/0.6511; the width is 20 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to M15, AUDCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8960/0.8956 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on AUDCHF at M30. The lower boundary of the pattern is located at 0.5236/0.5230, while the higher boundary lies at 0.5242/0.5236. The projection
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