signal strength 2 of 5
According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 84.96 and 84.77 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 19 pips. Outlook: If the upper border 84.96 is broken, the price is likely to continue its move by 85.08.
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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The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.9096; the lower boundary 1.9086; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3889 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDJPY H1. It has the following characteristics: resistance level 92.94/92.85; support level 92.44/92.53; the width is 50 points. In the event
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