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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- AUDCAD
- AUDCHF
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- EURCAD
- EURCHF
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- EURRUB
- EURUSD
- GBPAUD
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According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4871 is likely to encourage a continuation
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According to the chart of M30, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 84.57 is likely to encourage a continuation
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The Double Top reversal pattern has been formed on EURJPY M15. Characteristics: the upper boundary 162.59; the lower boundary 162.19; the width of the pattern is 41 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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