signal strength 3 of 5
According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3421 while the median line of the Neck is found at 1.3371/1.3378. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.3348.
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- Triple top
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The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 2.0891; the lower boundary is 2.0864. The width of the pattern is 26 points. In case
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On the chart of the NZDUSD 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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On the chart of AUDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8931; the lower boundary 0.8924; the width of the pattern 7 points
The M5 and M15 time frames may have more false entry points.
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