signal strength 1 of 5
According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9349/0.9376 and upper border is 0.9416/0.9376. The pattern width is measured on the chart at -67 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURCHF breaches the lower border, the price could continue its move toward 0.9361.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, AUDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.6563 while the median line of the Neck is found
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 NZDCHF M30. Characteristics: the upper boundary 0.4607; the lower boundary 0.4593; the width of the pattern is 13 points. Sell trades
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The Double Bottom pattern has been formed on NZDUSD H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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