signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1422 and 1.1390 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 32 pips. Outlook: If the upper border 1.1422 is broken, the price is likely to continue its move by 1.1424.
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 Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 34.30
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 2.0644 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the EURCAD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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