signal strength 1 of 5
According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.4824 and 0.4815 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 9 pips. Outlook: If the upper border 0.4824 is broken, the price is likely to continue its move by 0.4834.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Triple top
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According to the chart of H1, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 85.87/86.30 whereas the upper border goes across 86.61/86.30
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The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8110; the lower boundary 0.8101; the width of the pattern is 8 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5853
The M5 and M15 time frames may have more false entry points.
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