signal strength 4 of 5
According to the chart of H1, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1059/1.0989 whereas the lower border goes across 1.0906/1.0989. The pattern width is measured on the chart at 153 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0989 is broken, the price could continue its move toward 1.1029.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has been formed on AUDUSD M15. It has the following characteristics: resistance level 0.6537/0.6526; support level 0.6517/0.6511; the width is 20 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to M15, AUDCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8960/0.8956 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on AUDCHF at M30. The lower boundary of the pattern is located at 0.5236/0.5230, while the higher boundary lies at 0.5242/0.5236. The projection
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