signal strength 2 of 5
According to the chart of M15, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 93.33 - 0.00 and support 93.14 – 93.14. In case the resistance level 93.14 - 93.14 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Rectangle
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- Triple top
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The Triple Top pattern has formed on the chart of the GBPJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -15
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5283; the lower boundary is 0.5274. The width of the pattern is 9 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 144.75 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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