signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 194.52 – 194.52 and upper border 194.72 – 194.72. In case the lower border is broken, the instrument is likely to follow the downward trend.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 194.74; the lower boundary is 194.53. The width of the pattern is 22 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.9420 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of NZDCHF M30. Features of the pattern: The lower line of the pattern has coordinates 0.4978 with the upper limit 0.4978/0.4968
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