signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0712, the lower border is 2.0696. The signal means that a long position should be opened above the upper border 2.0712 of the Bullish Rectangle.
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 Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 198.90
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5814/0.5868 whereas the upper border goes across 0.5911/0.5868
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According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 86.88/87.02 and upper border is 87.16/87.02. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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