signal strength 2 of 5
According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4944/0.4938 whereas the lower border goes across 0.4932/0.4938. The pattern width is measured on the chart at 12 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4938 is broken, the price could continue its move toward 0.4961.
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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- AUDUSD
- EURCAD
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- EURRUB
- EURUSD
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On the chart of AUDUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6496; the lower boundary 0.6473; the width of the pattern 23 points
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The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1510
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The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5303; the lower boundary 0.5280; the width of the pattern is 23 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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