signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1011, the lower border is 1.0962. The signal means that a short position should be opened after fixing a price below the lower border 1.0962 of the Bearish Rectangle.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
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- Pennant
- Rectangle
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- Triple top
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The Bullish pennant pattern is formed on the GOLD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5301; the lower boundary 0.5289; the width of the pattern 12 points
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURGBP M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8425
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