signal strength 1 of 5
On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 145.75; the lower boundary 145.36; the width of the pattern 39 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 145.21 level.
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the NZDCAD H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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According to the chart of M5, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3457 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.6415 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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