signal strength 3 of 5
The Double Bottom pattern has been formed on USDJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 149.26 is broken. The further movements will rely on the width of the current pattern 52 points.
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- Triple top
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The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 167.56; the lower boundary 167.26; the width of the pattern is 32 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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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 1.3558 is breached. Here
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the EURCHF H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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