signal strength 1 of 5
According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1486/1.1478 whereas the lower border goes across 1.1468/1.1478. The pattern width is measured on the chart at 18 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1478 is broken, the price could continue its move toward 1.1493.
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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- #AAPL
- #AMZN
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- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
- EURCHF
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- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPJPY
- GBPUSD
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On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 95.93; the lower boundary 95.57; the width of the pattern 36 points
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 #PEP M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -9
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #NTDOY M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 22.38 is broken through. Recommendations: Place
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