signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0619/2.0611 whereas the lower border goes across 2.0603/2.0611. The pattern width is measured on the chart at 16 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2.0611 is broken, the price could continue its move toward 2.0626.
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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- #AAPL
- #AMZN
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- AUDCHF
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- AUDUSD
- EURCAD
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- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1208; the lower boundary 1.1198; the width of the pattern is 10 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 GBPJPY M5; the upper boundary is 193.21; the lower boundary is 193.01. The width of the pattern is 18 points. In case
The M5 and M15 time frames may have more false entry points.
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On the chart of #Bitcoin M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 103989.31; the lower boundary 103182.63; the width of the pattern 80668 points
The M5 and M15 time frames may have more false entry points.
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