signal strength 1 of 5
According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5164/0.5181 and upper border is 0.5203/0.5181. The pattern width is measured on the chart at -39 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 AUDCHF breaches the lower border, the price could continue its move toward 0.5166.
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 GBPCHF M5. Characteristics: the upper boundary 1.1119; the lower boundary 1.1105; the width of the pattern is 15 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to M5, NZDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 85.49/85.47 is broken out, the instrument is likely to move toward
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 EURCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 2, support level -2
The M5 and M15 time frames may have more false entry points.
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