signal strength 2 of 5
The Triple Bottom pattern has been formed on NZDJPY M15. It has the following characteristics: resistance level 84.49/84.47; support level 84.31/84.32; the width is 18 points. In the event of a breakdown of the resistance level of 84.49, the price is likely to continue an upward movement at least to 84.54.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 96.49
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 Head and Shoulders pattern. The Head’s top is set at 87.01 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 Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 199.47; the lower boundary 199.18; the width of the pattern is 28 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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