signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 189.13/189.44 whereas the upper border goes across 189.79/189.44. 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 GBPJPY will breach the upper border to head for 189.59.
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
Open chart in a new windowThe 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
Open chart in a new windowThe Triple Bottom pattern has formed on the chart of NZDUSD M30. Features of the pattern: The lower line of the pattern has coordinates 0.5727 with the upper limit 0.5727/0.5722
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