signal strength 3 of 5
According to the chart of M30, EURGBP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8574 - 0.0000 and support 0.8555 – 0.8555. In case the resistance level 0.8555 - 0.8555 is broken, the instrument is likely to follow the bearish trend.
See Also
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- Flag
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- Rectangle
- Triangle
- Triple top
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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8365/0.8361
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0676/2.0737 whereas the upper border goes across 2.0811/2.0737
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The Double Top pattern has been formed on USDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 145.24
The M5 and M15 time frames may have more false entry points.
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