signal strength 1 of 5
According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8183/0.8196 whereas the upper border goes across 0.8205/0.8196. 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 USDCHF will breach the upper border to head for 0.8211.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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On the chart of AUDJPY D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 97.23; the lower boundary 95.57; the width of the pattern 166 points
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The Double Bottom pattern has been formed on GBPAUD D1. Characteristics: the support level 2.0437; the resistance level 2.0741; the width of the pattern 304 points. If the resistance level
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The Double Top pattern has been formed on NZDJPY D1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.40
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