signal strength 3 of 5
According to the chart of M30, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 85.51/85.22 whereas the lower border goes across 84.82/85.22. The pattern width is measured on the chart at 69 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 85.22 is broken, the price could continue its move toward 85.52.
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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