signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 84.81/85.23 whereas the upper border goes across 85.51/85.23. 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 NZDJPY will breach the upper border to head for 85.38.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1409
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The Double Top reversal pattern has been formed on GOLD M30. Characteristics: the upper boundary 3384.23; the lower boundary 3370.26; the width of the pattern is 1346 points. Sell trades
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The Double Top pattern has been formed on EURUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1409
The M5 and M15 time frames may have more false entry points.
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