signal strength 1 of 5
According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9515/0.9522 whereas the upper border goes across 0.9530/0.9522. 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 EURCHF will breach the upper border to head for 0.9537.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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The GBPCHF M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.0941, the Neckline and the upward angle are at 1.0921/1.0924. The formation
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The Double Top pattern has been formed on GBPJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 199.71
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The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.9000; the lower boundary 0.8980; the width of the pattern is 20 points. Sell trades
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