signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.15/161.86 and upper border is 162.37/161.86. The pattern width is measured on the chart at -122 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 EURJPY breaches the lower border, the price could continue its move toward 161.71.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
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- Triple top
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On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 177.32; the lower boundary 176.14; the width of the pattern 118 points
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 36.52
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument #GOOG M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 177.66, with the prospect
The M5 and M15 time frames may have more false entry points.
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