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According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0989/2.0977 whereas the lower border goes across 2.0964/2.0977. The pattern width is measured on the chart at 25 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2.0977 is broken, the price could continue its move toward 2.0992.
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPJPY M30. Characteristics: the upper boundary 199.96; the lower boundary 199.74; the width of the pattern is 25 points. Sell trades
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According to the chart of M5, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 98.12 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 Bearish pennant pattern has formed on the AUDUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6590; the projection
The M5 and M15 time frames may have more false entry points.
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