signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 85.41/85.83 and upper border is 86.39/85.83. The pattern width is measured on the chart at -98 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 NZDJPY breaches the lower border, the price could continue its move toward 85.68.
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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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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According to the chart of M30, EURNZD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.9215 is likely to encourage a continuation
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The Triple Top pattern has formed on the chart of the NZDUSD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -5, support level -1
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On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 198.55; the lower boundary 198.24; the width of the pattern 31 points
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