signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 189.13/189.44 whereas the upper border goes across 189.79/189.44. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPJPY will breach the upper border to head for 189.59.
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 162.71; the lower boundary 162.61; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6466; the lower boundary 0.6460; the width of the pattern is 6 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCHF M15. Characteristics: the support level 0.8254; the resistance level 0.8269; the width of the pattern 15 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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