signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 81.42/81.55 whereas the upper border goes across 81.68/81.55. 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 NZDJPY will breach the upper border to head for 81.70.
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 86.38; the lower boundary 85.80; the width of the pattern 58 points
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The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.1284; the resistance level 1.1300; the width of the pattern 16 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPJPY formed the Head and Shoulders pattern. The Head’s top is set at 195.33 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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