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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The Double Bottom pattern has been formed on NZDCAD M30; the upper boundary is 0.8203; the lower boundary is 0.8189. The width of the pattern is 15 points. In case
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The Bearish pennant pattern has formed on the AUDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 96.59 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 2.0468/2.0460; support level 2.0448/2.0449; the width is 20 points. In the event
The M5 and M15 time frames may have more false entry points.
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