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According to the chart of M5, EURGBP formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8332/0.8337 and upper border is 0.8342/0.8337. The pattern width is measured on the chart at -10 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURGBP breaches the lower border, the price could continue its move toward 0.8322.
The M5 and M15 time frames may have more false entry points.
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According to M30, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4755/0.4755 is broken out, the instrument is likely to move toward
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The Double Bottom pattern has been formed on GBPJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9249/0.9270 whereas the upper border goes across 0.9286/0.9270
The M5 and M15 time frames may have more false entry points.
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