signal strength 1 of 5
The Double Bottom pattern has been formed on USDJPY M5. 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 148.35 is broken. The further movements will rely on the width of the current pattern 65 points.
The M5 and M15 time frames may have more false entry points.
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On the chart of the GBPJPY M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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According to the chart of M30, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
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According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 198.75/199.07 whereas the upper border goes across 199.49/199.07
The M5 and M15 time frames may have more false entry points.
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