signal strength 4 of 5
According to the chart of H1, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1457 and 1.1371 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 86 pips. Outlook: If the upper border 1.1457 is broken, the price is likely to continue its move by 1.1446.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on USDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3965
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDUSD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 194.74; the lower boundary is 194.53. The width of the pattern is 22 points. In case
The M5 and M15 time frames may have more false entry points.
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