signal strength 1 of 5
According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8825/0.8830 whereas the upper border goes across 0.8835/0.8830. 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 USDCHF will breach the upper border to head for 0.8845.
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 reversal pattern has been formed on NZDCAD M15. Characteristics: the upper boundary 0.8209; the lower boundary 0.8166; the width of the pattern is 43 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 150.63, the lower border is 150.44. The signal means
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 GBPJPY M15. Characteristics: the upper boundary 194.76; the lower boundary 194.51; the width of the pattern is 24 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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