signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 84.81/85.23 whereas the upper border goes across 85.51/85.23. 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 NZDJPY will breach the upper border to head for 85.38.
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 GBPUSD M5. Characteristics: the upper boundary 1.3373; the lower boundary 1.3361; 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 Bottom pattern has been formed on AUDCAD M15. Characteristics: the support level 0.8902; the resistance level 0.8916; the width of the pattern 14 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the AUDJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 92.44; the projection
The M5 and M15 time frames may have more false entry points.
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