signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.1017 and support 2.0993. In case the resistance level 2.1017 - 2.1017 is broken, the instrument is likely to follow the bullish trend.
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
- Triangle
- Triple top
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- AUDCHF
- AUDJPY
- AUDUSD
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- EURCHF
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- EURJPY
- EURNZD
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- GBPCHF
- GBPJPY
- GBPUSD
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According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 199.53 is breached. Here
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 AUDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9155
The M5 and M15 time frames may have more false entry points.
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