signal strength 1 of 5
According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8258 and 0.8241 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 17 pips. Outlook: If the upper border 0.8258 is broken, the price is likely to continue its move by 0.8266.
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 #EBAY M15. Characteristics: the upper boundary 73.10; the lower boundary 72.18; the width of the pattern is 90 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, AUDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6439 and support 0.6431
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4896
The M5 and M15 time frames may have more false entry points.
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