signal strength 1 of 5
According to the chart of M5, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5979 – 0.5979 and upper border 0.5986 – 0.5986. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4848
The M5 and M15 time frames may have more false entry points.
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The AUDJPY H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 94.49, the Neckline and the upward angle are at 94.01/94.04. The formation
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The Bearish pennant pattern has formed on the GBPUSD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.3398 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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