signal strength 4 of 5
According to the chart of H1, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0849/1.0814 whereas the lower border goes across 1.0777/1.0814. The pattern width is measured on the chart at 72 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0814 is broken, the price could continue its move toward 1.0854.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- GBPJPY
- GBPUSD
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According to M5, USDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 146.30/146.17 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the USDJPY M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.9393; the lower boundary 1.9365; the width of the pattern is 30 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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