signal strength 2 of 5
According to the chart of M15, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5160/0.5143 whereas the lower border goes across 0.5120/0.5143. The pattern width is measured on the chart at 40 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5143 is broken, the price could continue its move toward 0.5166.
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
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- EURGBP
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- GBPCHF
- GBPJPY
- GBPUSD
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The Double Bottom pattern has been formed on SILVER M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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On the chart of the GBPJPY H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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The Double Bottom pattern has been formed on USDJPY M15. Characteristics: the support level 143.99; the resistance level 144.40; the width of the pattern 41 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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