signal strength 1 of 5
The Double Bottom pattern has been formed on GBPAUD M5. 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 2.0839 is broken. The further movements will rely on the width of the current pattern 39 points.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, USDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8379
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According to the chart of M5, EURJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 164.66 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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According to the chart of H1, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9036, the lower border is 0.9004. The signal means
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