signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0911/2.0896 whereas the lower border goes across 2.0881/2.0896. The pattern width is measured on the chart at 30 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2.0896 is broken, the price could continue its move toward 2.0911.
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
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The Triple Bottom pattern has formed on the chart of AUDJPY H1. Features of the pattern: The lower line of the pattern has coordinates 96.02 with the upper limit 96.02/95.79
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The Triple Bottom pattern has been formed on AUDCHF H1. It has the following characteristics: resistance level 0.5252/0.5250; support level 0.5240/0.5238; the width is 12 points. In the event
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.48; the lower boundary 198.88; the width of the pattern 60 points
The M5 and M15 time frames may have more false entry points.
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