signal strength 1 of 5
According to the chart of M5, USDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.8841 while the median line of the Neck is found at 0.8835/0.8835. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.8820.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 87.90 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, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 81.44 is breached. Here
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9379; the lower boundary is 0.9363. The width of the pattern is 16 points. In case
The M5 and M15 time frames may have more false entry points.
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