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 93.60/93.49 whereas the lower border goes across 93.40/93.49. The pattern width is measured on the chart at 20 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 93.49 is broken, the price could continue its move toward 93.64.
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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On the chart of the USDJPY M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDCHF H1; the upper boundary is 0.5334; the lower boundary is 0.5277. The width of the pattern is 56 points. In case
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On the chart of USDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 145.77; the lower boundary 145.36; the width of the pattern 41 points
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