signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3308/1.3340 and upper border is 1.3362/1.3340. The pattern width is measured on the chart at -54 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 1.3325.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6020 is breached. Here
The M5 and M15 time frames may have more false entry points.
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On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1512; the lower boundary 1.1504; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 195.54; the resistance level 195.72; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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