signal strength 1 of 5
According to the chart of M5, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5728 – 0.5728 and upper border 0.5742 – 0.5742. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #PEP H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 140.24 is broken through. Recommendations: Place
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The Bearish pennant pattern has formed on the #PEP H1 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
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The Double Bottom pattern has been formed on USDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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