signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.2922/1.2931 and upper border is 1.2939/1.2931. The pattern width is measured on the chart at -17 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 GBPUSD breaches the lower border, the price could continue its move toward 1.2916.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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On the chart of SILVER M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 33.74; the lower boundary 33.52; the width of the pattern 230 points
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According to the chart of M5, USDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.8841 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 EURJPY M15. Characteristics: the upper boundary 162.38; the lower boundary 162.20; the width of the pattern is 20 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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