signal strength 2 of 5
The Double Bottom pattern has been formed on EURCHF M15. 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 0.9347 is broken. The further movements will rely on the width of the current pattern 12 points.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8913 - 0.0000
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5163 is breached. Here
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 the NZDUSD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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