signal strength 2 of 5
According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0846/1.0853 whereas the upper border goes across 1.0860/1.0853. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPCHF will breach the upper border to head for 1.0876.
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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