signal strength 2 of 5
According to the chart of M15, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3134/1.3164 whereas the upper border goes across 1.3206/1.3164. 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 GBPUSD will breach the upper border to head for 1.3187.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0950 is likely to encourage a continuation
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The Double Top reversal pattern has been formed on NZDUSD M15. Characteristics: the upper boundary 0.6036; the lower boundary 0.6005; the width of the pattern is 30 points. Sell trades
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 SILVER M15. Characteristics: the upper boundary 35.94; the lower boundary 35.87; the width of the pattern is 70 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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