signal strength 1 of 5
According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5269/0.5266 whereas the lower border goes across 0.5264/0.5266. The pattern width is measured on the chart at 5 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5266 is broken, the price could continue its move toward 0.5281.
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 AUDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5206; the lower boundary 0.5193; the width of the pattern 13 points
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.45; the lower boundary 199.32; the width of the pattern 13 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD H1. Characteristics: the support level 2.0852; the resistance level 2.0881; the width of the pattern 29 points. If the resistance level
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