signal strength 1 of 5
The Bearish Flag pattern has been formed on the chart GBPJPY M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 188.31, traders should enter the market.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- EURJPY
- EURNZD
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Double Bottom pattern has been formed on GBPUSD M5. Characteristics: the support level 1.3391; the resistance level 1.3406; the width of the pattern 15 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 M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.80/161.99 and upper border is 162.17/161.99. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDUSD M30. Characteristics: the support level 0.5916; the resistance level 0.5929; the width of the pattern 13 points. If the resistance level
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