signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3499/1.3508 and upper border is 1.3515/1.3508. The pattern width is measured on the chart at -16 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 1.3493.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0178; the resistance level 2.0205; the width of the pattern 27 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDUSD M30; the upper boundary is 0.6567; the lower boundary is 0.6538. The width of the pattern is 30 points. In case
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According to the chart of H1, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4592/0.4602 whereas the upper border goes across 0.4610/0.4602
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