signal strength 1 of 5
On the chart of the GBPJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 194.41, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 points.
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of NZDUSD M5. Features of the pattern: The lower line of the pattern has coordinates 0.5771 with the upper limit 0.5771/0.5766
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 204.32; the resistance level 204.53; the width of the pattern 21 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
The Double Bottom pattern has been formed on NZDUSD M5. Characteristics: the support level 0.5759; the resistance level 0.5771; the width of the pattern 12 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
