signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 84.16/84.34 and upper border is 84.51/84.34. The pattern width is measured on the chart at -35 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 NZDJPY breaches the lower border, the price could continue its move toward 84.19.
The M5 and M15 time frames may have more false entry points.
See Also
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #NTDOY D1. Forecast: if the price breaks above the pattern high at 24.49, then
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The Bullish pennant signal – Trading instrument #NTDOY D1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 24.49, with the prospect
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The AUDUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.6563, the Neckline and the upward angle are at 0.6548/0.6549. The formation
The M5 and M15 time frames may have more false entry points.
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