signal strength 3 of 5
According to the chart of M30, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 2.0760 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -182 pips.
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- Double Top
- Flag
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- Pennant
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- Triple top
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According to the chart of M5, NZDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.4833 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPUSD M30. It has the following characteristics: resistance level 1.3440/1.3437; support level 1.3399/1.3404; the width is 41 points. In the event
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The Double Top pattern has been formed on USDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3755
The M5 and M15 time frames may have more false entry points.
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