signal strength 4 of 5
According to the chart of H1, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5074/0.5182 and upper border is 0.5328/0.5182. The pattern width is measured on the chart at -254 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCHF breaches the lower border, the price could continue its move toward 0.5142.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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On the chart of EURGBP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8422; the lower boundary 0.8415; the width of the pattern 7 points
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPAUD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 2.0567; the projection
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant graphic pattern has formed on the #MA M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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