signal strength 4 of 5
According to the chart of H1, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 85.08, the lower border is 84.66. The signal means that a short position should be opened after fixing a price below the lower border 84.66 of the Bearish Rectangle.
See Also
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- Flag
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- Pennant
- Rectangle
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- 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 0.6499 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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According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 198.65 - 0.00
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0792/2.0837 whereas the upper border goes across 2.0897/2.0837
The M5 and M15 time frames may have more false entry points.
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