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According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 163.27/162.89 whereas the lower border goes across 162.60/162.89. The pattern width is measured on the chart at 67 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 162.89 is broken, the price could continue its move toward 163.04.
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
- AUDCHF
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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
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- EURUSD
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- GBPJPY
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The Bullish Flag pattern has been formed on AUDUSD at M5. The lower boundary of the pattern is located at 0.6553/0.6553, while the higher boundary lies at 0.6561/0.6561. The projection
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Triple Top pattern has formed on the chart of the GOLD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -115, support level -123
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bullish pennant signal – Trading instrument #PEP M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 131.85, with the prospect
The M5 and M15 time frames may have more false entry points.
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