signal strength 2 of 5
On the chart of USDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 149.91; the lower boundary 149.72; the width of the pattern 19 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 149.49 level.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8209 and support 0.8197
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9511 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5709 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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