signal strength 1 of 5
According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4932/0.4910 whereas the lower border goes across 0.4888/0.4910. The pattern width is measured on the chart at 44 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4910 is broken, the price could continue its move toward 0.4925.
The M5 and M15 time frames may have more false entry points.
See Also
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- Rectangle
- Triangle
- Triple top
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On the chart of EURGBP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8725; the lower boundary 0.8715; the width of the pattern 10 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6565; the lower boundary is 0.6559. The width of the pattern is 6 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the USDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -5, support level -14
The M5 and M15 time frames may have more false entry points.
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