signal strength 1 of 5
According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 93.10/92.93 whereas the lower border goes across 92.76/92.93. The pattern width is measured on the chart at 34 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 92.93 is broken, the price could continue its move toward 93.08.
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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- AUDCAD
- AUDCHF
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- AUDUSD
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- EURGBP
- EURJPY
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- EURUSD
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On the chart of the SILVER H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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The Double Top pattern has been formed on NZDUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6039
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The Double Top reversal pattern has been formed on AUDUSD H1. Characteristics: the upper boundary 0.6564; the lower boundary 0.6542; the width of the pattern is 20 points. Sell trades
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