signal strength 1 of 5

On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 195.48; the lower boundary 195.19; the width of the pattern 29 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 195.04 level.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4804 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 196.96; the resistance level 197.12; the width of the pattern 16 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4804 is breached. Here
The M5 and M15 time frames may have more false entry points.
Open chart in a new window