signal strength 1 of 5
According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9334/0.9344 whereas the upper border goes across 0.9351/0.9344. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURCHF will breach the upper border to head for 0.9359.
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
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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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On the chart of the AUDUSD 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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On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8961; the lower boundary 1.8953; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the NZDJPY M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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