signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 190.88/191.11 whereas the upper border goes across 191.31/191.11. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPJPY will breach the upper border to head for 191.26.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Triple top
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The Double Bottom pattern has been formed on #PEP M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 129.79; the resistance level 130.42; the width of the pattern 63 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDCHF M5. It has the following characteristics: resistance level 0.5351/0.5346; support level 0.5342/0.5340; the width is 9 points. In the event
The M5 and M15 time frames may have more false entry points.
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