signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 2.1220 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -42 pips.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5618; the resistance level 1.5633; the width of the pattern 15 points. If the resistance level
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 1.1415; the resistance level 1.1426; the width of the pattern 11 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURNZD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8893
The M5 and M15 time frames may have more false entry points.
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