signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 194.20/194.02 whereas the lower border goes across 193.77/194.02. The pattern width is measured on the chart at 43 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 194.02 is broken, the price could continue its move toward 194.17.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Triple Bottom pattern has been formed on AUDCHF M15. It has the following characteristics: resistance level 0.5513/0.5493; support level 0.5486/0.5480; the width is 27 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPAUD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0775
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On the chart of the GBPAUD M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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