signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 161.35/161.59 whereas the upper border goes across 161.79/161.59. 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 EURJPY will breach the upper border to head for 161.74.
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
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- EURJPY
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- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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The Triple Bottom pattern has formed on the chart of the EURCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 193.36; the lower boundary 193.15; the width of the pattern is 19 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 SILVER M5; the upper boundary is 32.48; the lower boundary is 32.37. The width of the pattern is 115 points. In case
The M5 and M15 time frames may have more false entry points.
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