signal strength 1 of 5
According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1039/1.1024 whereas the lower border goes across 1.1006/1.1024. The pattern width is measured on the chart at 33 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1024 is broken, the price could continue its move toward 1.1039.
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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- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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- NZDUSD
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- USDCAD
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The Triple Top pattern has formed on the chart of the EURJPY H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -7, support level -19
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The Triple Top pattern has formed on the chart of the EURJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -7, support level -19
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The Double Bottom pattern has been formed on EURCHF M5. Characteristics: the support level 0.9361; the resistance level 0.9382; the width of the pattern 21 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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