signal strength 4 of 5
According to the chart of H1, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0849/1.0814 whereas the lower border goes across 1.0777/1.0814. The pattern width is measured on the chart at 72 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0814 is broken, the price could continue its move toward 1.0854.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0604; the resistance level 2.0633; the width of the pattern 29 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on USDCAD at M15. The lower boundary of the pattern is located at 1.3689/1.3689, while the higher boundary lies at 1.3695/1.3695. The projection
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 194.31/194.67 and upper border is 195.14/194.67. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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