signal strength 3 of 5
The Triple Bottom pattern has been formed on GBPJPY M30. It has the following characteristics: resistance level 193.38/193.33; support level 192.71/192.75; the width is 67 points. In the event of a breakdown of the resistance level of 193.38, the price is likely to continue an upward movement at least to 193.03.
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- Double Top
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- Pennant
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- Triangle
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- AUDCAD
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- EURCAD
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- EURNZD
- EURRUB
- EURUSD
- GBPAUD
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- GBPUSD
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- NZDCAD
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- USDCAD
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According to the chart of M30, USDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 140.49 is breached. Here
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According to the chart of M15, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 140.49 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6402 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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