signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0619/2.0611 whereas the lower border goes across 2.0603/2.0611. The pattern width is measured on the chart at 16 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2.0611 is broken, the price could continue its move toward 2.0626.
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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On the chart of EURGBP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8470; the lower boundary 0.8448; the width of the pattern 22 points
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5693/0.5685; support level 0.5676/0.5676; the width is 17 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0962; the lower boundary is 2.0912. The width of the pattern is 51 points. In case
The M5 and M15 time frames may have more false entry points.
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