signal strength 3 of 5
According to the chart of M30, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0723/2.0864 and upper border is 2.0974/2.0864. The pattern width is measured on the chart at -251 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 GBPAUD breaches the lower border, the price could continue its move toward 2.0834.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4773; the resistance level 0.4786; the width of the pattern 13 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDCHF M15; the upper boundary is 0.5254; the lower boundary is 0.5241. The width of the pattern is 14 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0827
The M5 and M15 time frames may have more false entry points.
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