signal strength 4 of 5
According to the chart of H1, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5355/0.5340 whereas the lower border goes across 0.5326/0.5340. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5340 is broken, the price could continue its move toward 0.5380.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 2.0709 is likely to encourage a continuation
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 M5; the upper boundary is 0.5826; the lower boundary is 0.5820. The width of the pattern is 6 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0831
The M5 and M15 time frames may have more false entry points.
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