signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3023 and 1.2951 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 72 pips. Outlook: If the upper border 1.3023 is broken, the price is likely to continue its move by 1.2998.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1357; the lower boundary 1.1346; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 93600.13; the lower boundary is 92988.03. The width of the pattern is 58107 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6353 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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