signal strength 1 of 5
The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6313; the lower boundary is 0.6305. The width of the pattern is 7 points. In case of a break of the upper boundary 0.6313, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
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 Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9361/0.9377 and upper border is 0.9399/0.9377. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9369
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0786/2.0901 whereas the upper border goes across 2.1023/2.0901
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