signal strength 2 of 5
According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1132/1.1115 whereas the lower border goes across 1.1102/1.1115. The pattern width is measured on the chart at 30 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1115 is broken, the price could continue its move toward 1.1137.
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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The Bearish pennant pattern has formed on the #EBAY M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of GBPUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 1.3565/1.3574 after
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.1431; the resistance level 1.1448; the width of the pattern 17 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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