signal strength 1 of 5
According to the chart of M5, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4828 - 0.0000 and support 0.4816 – 0.4816. In case the resistance level 0.4816 - 0.4816 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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- AUDUSD
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- EURUSD
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- GBPCHF
- GBPJPY
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The Triple Top pattern has formed on the chart of the AUDJPY M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -4, support level -2
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 M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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According to the chart of M15, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8921
The M5 and M15 time frames may have more false entry points.
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