signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3023 and 1.2951 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 72 pips. Outlook: If the upper border 1.3023 is broken, the price is likely to continue its move by 1.2998.
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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The Bullish pennant pattern is formed on the #PEP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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On the chart of #PEP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 149.46; the lower boundary 148.05; the width of the pattern 141 points
The M5 and M15 time frames may have more false entry points.
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On the chart of #PEP M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 149.46; the lower boundary 148.05; the width of the pattern 141 points
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