signal strength 1 of 5
According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.9137/1.9116 whereas the lower border goes across 1.9086/1.9116. The pattern width is measured on the chart at 51 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.9116 is broken, the price could continue its move toward 1.9131.
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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- EURJPY
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The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0785; the resistance level 2.0844; the width of the pattern 59 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 87.38/87.40 after
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 GBPJPY M5. Characteristics: the upper boundary 199.70; the lower boundary 199.41; the width of the pattern is 30 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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