signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0470/2.0498 and upper border is 2.0537/2.0498. The pattern width is measured on the chart at -67 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPAUD breaches the lower border, the price could continue its move toward 2.0483.
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 Bottom pattern has been formed on NZDCAD D1; the upper boundary is 0.8254; the lower boundary is 0.8112. The width of the pattern is 147 points. In case
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The Bullish pennant signal – Trading instrument GBPUSD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3448, with the prospect
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 197.99; the lower boundary 197.80; the width of the pattern 19 points
The M5 and M15 time frames may have more false entry points.
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