signal strength 2 of 5

According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 187.91/188.64 whereas the upper border goes across 189.17/188.64. 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 GBPJPY will breach the upper border to head for 188.87.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
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- Triple top
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The Bearish pennant pattern has formed on the #PEP M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 130.36; the projection
Open chart in a new windowThe Bearish pennant pattern has formed on the #PEP M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 130.36; the projection
Open chart in a new windowThe Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3395; the lower boundary 1.3379; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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