signal strength 1 of 5

According to the chart of M5, 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 0.5158.
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
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The Double Bottom pattern has been formed on NZDCAD H1. Characteristics: the support level 0.8187; the resistance level 0.8202; the width of the pattern 15 points. If the resistance level
Open chart in a new windowThe Double Bottom pattern has been formed on AUDUSD H1; the upper boundary is 0.6526; the lower boundary is 0.6511. The width of the pattern is 14 points. In case
Open chart in a new windowThe Double Bottom pattern has been formed on NZDCAD M30. Characteristics: the support level 0.8187; the resistance level 0.8202; the width of the pattern 15 points. If the resistance level
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