signal strength 1 of 5
According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8182/0.8188 and upper border is 0.8195/0.8188. The pattern width is measured on the chart at -13 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 USDCHF breaches the lower border, the price could continue its move toward 0.8173.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Triple Bottom pattern has been formed on EURGBP M5. It has the following characteristics: resistance level 0.8515/0.8514; support level 0.8509/0.8509; the width is 6 points. In the event
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 USDJPY M5. Characteristics: the upper boundary 145.09; the lower boundary 144.90; the width of the pattern is 18 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on EURGBP M5. It has the following characteristics: resistance level 0.8515/0.8514; support level 0.8509/0.8509; the width is 6 points. In the event
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
