signal strength 3 of 5
According to the chart of M30, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1362/1.1333 whereas the lower border goes across 1.1297/1.1333. The pattern width is measured on the chart at 65 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1333 is broken, the price could continue its move toward 1.1363.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on USDCHF M5. Characteristics: the upper boundary 0.8197; the lower boundary 0.8187; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5701; the resistance level 1.5724; the width of the pattern 23 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the #MSFT M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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