signal strength 1 of 5

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 146.13; the lower boundary 145.79; the width of the pattern 34 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 145.64 level.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 85.00 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 148.98, the lower border is 148.74. The signal means
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 148.74; the resistance level 148.96; the width of the pattern 22 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new window