signal strength 3 of 5
The Double Bottom pattern has been formed on GBPJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 193.38 is broken. The further movements will rely on the width of the current pattern 67 points.
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- EURUSD
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The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3264
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 85.51 and 84.82 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 84.81/85.23 whereas the upper border goes across 85.51/85.23
The M5 and M15 time frames may have more false entry points.
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