signal strength 1 of 5
The Double Bottom pattern has been formed on USDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 148.35 is broken. The further movements will rely on the width of the current pattern 65 points.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 196.04 and 195.76 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8211/0.8214 whereas the upper border goes across 0.8218/0.8214
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 165.18; the lower boundary 165.01; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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