signal strength 3 of 5
According to the chart of M30, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8920/0.8945 and upper border is 0.8975/0.8945. The pattern width is measured on the chart at -55 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 AUDCAD breaches the lower border, the price could continue its move toward 0.8915.
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The Triple Bottom pattern has formed on the chart of AUDCAD M15. Features of the pattern: The lower line of the pattern has coordinates 0.8940 with the upper limit 0.8940/0.8936
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPUSD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3769; the lower boundary 1.3698; the width of the pattern 71 points
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The Double Top pattern has been formed on EURUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1690
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