signal strength 4 of 5
According to the chart of H1, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3467 and 1.3384 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 83 pips. Outlook: If the upper border 1.3467 is broken, the price is likely to continue its move by 1.3462.
See Also
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- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0299; the lower boundary is 2.0290. The width of the pattern is 10 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3418; the lower boundary 1.3405; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5277
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