signal strength 1 of 5
According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 94.50 and 94.13 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 37 pips. Outlook: If the upper border 94.50 is broken, the price is likely to continue its move by 94.46.
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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The GBPCHF M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.0941, the Neckline and the upward angle are at 1.0921/1.0924. The formation
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The Double Top pattern has been formed on GBPJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 199.71
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The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.9000; the lower boundary 0.8980; the width of the pattern is 20 points. Sell trades
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