signal strength 4 of 5
According to the chart of H1, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6315 while the median line of the Neck is found at 0.6220/0.6291. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.6355
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According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3581 is breached. Here
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 36.03/36.21 whereas the upper border goes across 36.35/36.21
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 3377.38; the resistance level 3390.83; the width of the pattern 1345 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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