signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3320/1.3301 whereas the lower border goes across 1.3275/1.3301. The pattern width is measured on the chart at 45 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3301 is broken, the price could continue its move toward 1.3316.
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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- AUDCAD
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On the chart of USDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3702; the lower boundary 1.3668; the width of the pattern 34 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 93.96/94.02 whereas the upper border goes across 94.07/94.02
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the GBPAUD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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