signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 81.42/81.55 whereas the upper border goes across 81.68/81.55. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDJPY will breach the upper border to head for 81.70.
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
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- Triple top
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The Bullish pennant signal – Trading instrument #TSLA M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 307.26, with the prospect
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the #TSLA M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.1041; the lower boundary 1.1017; the width of the pattern is 22 points. Sell trades
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