signal strength 1 of 5
The Bearish pennant pattern has formed on the USDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 147.05 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 194.53; the lower boundary 194.41; the width of the pattern 12 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9402 and 0.9392 are the coordinates
The M5 and M15 time frames may have more false entry points.
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On the chart of USDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 145.23; the lower boundary 144.75; the width of the pattern 48 points
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