signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3499/1.3508 and upper border is 1.3515/1.3508. The pattern width is measured on the chart at -16 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 GBPUSD breaches the lower border, the price could continue its move toward 1.3493.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 199.69
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on the chart AUDCAD M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.9224 may push
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on NZDUSD M30. Characteristics: the upper boundary 0.5976; the lower boundary 0.5955; the width of the pattern is 21 points. Sell trades
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