signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 162.60 and 162.11 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 49 pips. Outlook: If the upper border 162.60 is broken, the price is likely to continue its move by 162.46.
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 Bullish pennant graphic pattern has formed on the GBPAUD H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 200.98
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.7944
The M5 and M15 time frames may have more false entry points.
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