signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.2922/1.2931 and upper border is 1.2939/1.2931. The pattern width is measured on the chart at -17 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 GBPUSD breaches the lower border, the price could continue its move toward 1.2916.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8202 and support 0.8195
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of GBPAUD M5. Features of the pattern: The lower line of the pattern has coordinates 2.0505 with the upper limit 2.0505/2.0497
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of USDCAD M30. Features of the pattern: The lower line of the pattern has coordinates 1.4312 with the upper limit 1.4312/1.4297
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