signal strength 1 of 5
The Double Bottom pattern has been formed on NZDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 86.06 is broken. The further movements will rely on the width of the current pattern 31 points.
The M5 and M15 time frames may have more false entry points.
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- EURUSD
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The Bullish pennant pattern is formed on the USDCHF M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
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According to the chart of M15, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3429 is breached. Here
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1510, the lower border is 1.1497. The signal means
The M5 and M15 time frames may have more false entry points.
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