signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8890 and 0.8868 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 22 pips. Outlook: If the upper border 0.8890 is broken, the price is likely to continue its move by 0.8894.
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 Bearish pennant pattern has formed on the GBPAUD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 2.0468; the projection
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDUSD M15; the upper boundary is 0.6010; the lower boundary is 0.6000. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5232 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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