signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 84.16/84.34 and upper border is 84.51/84.34. The pattern width is measured on the chart at -35 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 NZDJPY breaches the lower border, the price could continue its move toward 84.19.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURJPY M15. Characteristics: the support level 164.10; the resistance level 164.30; the width of the pattern 20 points. If the resistance level
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 M5. Characteristics: the upper boundary 33.02; the lower boundary 32.97; the width of the pattern is 55 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on USDJPY M5. It has the following characteristics: resistance level 148.04/148.00; support level 147.78/147.74; the width is 26 points. In the event
The M5 and M15 time frames may have more false entry points.
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