signal strength 1 of 5
According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.1501/1.1531 whereas the upper border goes across 1.1573/1.1531. 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 EURUSD will breach the upper border to head for 1.1546.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
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- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
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- NZDUSD
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- USDCAD
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The Double Top reversal pattern has been formed on GBPJPY D1. Characteristics: the upper boundary 196.38; the lower boundary 191.87; the width of the pattern is 441 points. Sell trades
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The Double Bottom pattern has been formed on EURNZD M15. Characteristics: the support level 1.8931; the resistance level 1.8965; the width of the pattern 34 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3558 and support 1.3516
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