signal strength 2 of 5
According to the chart of M15, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3467/1.3422 whereas the lower border goes across 1.3384/1.3422. The pattern width is measured on the chart at 83 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3422 is broken, the price could continue its move toward 1.3444.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 94.69; the lower boundary is 94.41. The width of the pattern is 29 points. In case
The M5 and M15 time frames may have more false entry points.
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On the chart of EURGBP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8529; the lower boundary 0.8507; the width of the pattern 22 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.6540 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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