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 pattern has been formed on NZDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4471
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPJPY M5. It has the following characteristics: resistance level 203.22/203.15; support level 203.00/203.00; the width is 22 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3160, the lower border is 1.3134. The signal means
The M5 and M15 time frames may have more false entry points.
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