signal strength 4 of 5
According to the chart of H1, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0676/2.0737 whereas the upper border goes across 2.0811/2.0737. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPAUD will breach the upper border to head for 2.0777.
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According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8192 is breached. Here
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.9120 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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The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6582; the resistance level 0.6586; the width of the pattern 4 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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