signal strength 2 of 5
According to the chart of M15, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 185.46 - 0.00 and support 184.35 – 184.35. In case the resistance level 184.35 - 184.35 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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- AUDCAD
- AUDCHF
- AUDJPY
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- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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- NZDUSD
- SILVER
- USDCAD
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The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 164.00
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8184 while the median line of the Neck is found
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The Double Bottom pattern has been formed on GBPCHF M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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