signal strength 2 of 5
According to the chart of M15, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5979/0.5998 whereas the upper border goes across 0.6017/0.5998. 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 NZDUSD will breach the upper border to head for 0.6021.
The M5 and M15 time frames may have more false entry points.
See Also
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The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 166.83; the lower boundary 166.64; the width of the pattern is 18 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 105573.40; the lower boundary 104400.15; the width of the pattern 117325 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 166.83 and support 166.64
The M5 and M15 time frames may have more false entry points.
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