signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8852/0.8861 whereas the upper border goes across 0.8869/0.8861. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCAD will breach the upper border to head for 0.8876.
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
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- Triple top
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The Double Top pattern has been formed on GBPJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 194.96
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #PEP D1; the upper boundary is 132.72; the lower boundary is 129.16. The width of the pattern is 365 points. In case
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The #INTC H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 22.43, the Neckline and the upward angle are at 20.28/20.38. The formation
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