signal strength 2 of 5
According to the chart of M15, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 162.14/161.96 whereas the lower border goes across 161.84/161.96. 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 161.96 is broken, the price could continue its move toward 162.18.
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 Double Top reversal pattern has been formed on NZDCHF M15. Characteristics: the upper boundary 0.4923; the lower boundary 0.4913; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURGBP M30; the upper boundary is 0.8504; the lower boundary is 0.8486. The width of the pattern is 18 points. In case
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According to the chart of M5, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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