signal strength 1 of 5
According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1738 and 1.1712 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 26 pips. Outlook: If the upper border 1.1738 is broken, the price is likely to continue its move by 1.1740.
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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- #AMZN
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- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 99.43
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #NTDOY M5. Characteristics: the support level 21.36; the resistance level 21.40; the width of the pattern 4 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDCAD M5. It has the following characteristics: resistance level 0.9200/0.9188; support level 0.9187/0.9185; the width is 13 points. In the event
The M5 and M15 time frames may have more false entry points.
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