signal strength 1 of 5
According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.0913/1.0953 and upper border is 1.0987/1.0953. The pattern width is measured on the chart at -74 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 EURUSD breaches the lower border, the price could continue its move toward 1.0938.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
- AUDCHF
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- EURCAD
- EURCHF
- EURGBP
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- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
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- GBPUSD
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- NZDCAD
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- NZDJPY
- NZDUSD
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The Double Top pattern has been formed on EURCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.5661
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, NZDCAD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8151 while the median line of the Neck
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The Triple Top pattern has formed on the chart of the EURJPY H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -7, support level -19
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