signal strength 1 of 5
According to the chart of M5, GOLD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 3324.79 and support 3320.66. In case the resistance level 3324.79 - 3324.79 is broken, the instrument is likely to follow the bullish trend.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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- Pennant
- Rectangle
- Triangle
- Triple top
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- GBPCHF
- GBPJPY
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The Triple Bottom pattern has formed on the chart of the NZDCAD H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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According to the chart of M5, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3457 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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According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.6415 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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