signal strength 2 of 5
According to the chart of M15, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.0781/1.0799 and upper border is 1.0818/1.0799. The pattern width is measured on the chart at -37 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 1.0776.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on GBPJPY D1. Characteristics: the upper boundary 196.38; the lower boundary 191.87; the width of the pattern is 441 points. Sell trades
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The Double Bottom pattern has been formed on EURNZD M15. Characteristics: the support level 1.8931; the resistance level 1.8965; the width of the pattern 34 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3558 and support 1.3516
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