signal strength 2 of 5
According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 93.72/93.42 whereas the lower border goes across 93.14/93.42. The pattern width is measured on the chart at 58 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 93.42 is broken, the price could continue its move toward 93.64.
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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According to the chart of M15, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.9954 is breached. Here
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on NZDCAD M15. Characteristics: the upper boundary 0.7975; the lower boundary 0.7961; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4471 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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