signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8657/0.8696 and upper border is 0.8734/0.8696. The pattern width is measured on the chart at -77 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 AUDCAD breaches the lower border, the price could continue its move toward 0.8681.
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.7957 while the median line of the Neck
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The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.9334; the lower boundary 1.9314; the width of the pattern is 22 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M15. Characteristics: the support level 143.81; the resistance level 144.03; the width of the pattern 22 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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