signal strength 2 of 5
According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 195.89/195.54 whereas the lower border goes across 195.20/195.54. The pattern width is measured on the chart at 69 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 195.54 is broken, the price could continue its move toward 195.76.
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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The Triple Top pattern has formed on the chart of the NZDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 85.87/86.30 whereas the upper border goes across 86.61/86.30
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The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8110; the lower boundary 0.8101; the width of the pattern is 8 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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