signal strength 1 of 5
According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8825/0.8830 whereas the upper border goes across 0.8835/0.8830. 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 USDCHF will breach the upper border to head for 0.8845.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Bottom pattern has been formed on NZDUSD H1. Characteristics: the support level 0.5705; the resistance level 0.5726; the width of the pattern 21 points. If the resistance level
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On the chart of the EURJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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 NZDJPY M5. Characteristics: the upper boundary 86.17; the lower boundary 85.99; the width of the pattern is 18 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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