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 93.62/93.57 whereas the lower border goes across 93.54/93.57. The pattern width is measured on the chart at 8 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 93.57 is broken, the price could continue its move toward 93.72.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has been formed on GBPUSD M30. It has the following characteristics: resistance level 1.3440/1.3437; support level 1.3399/1.3404; the width is 41 points. In the event
Open chart in a new windowThe Double Top pattern has been formed on USDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3755
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6401; the resistance level 0.6409; the width of the pattern 8 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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