signal strength 3 of 5
According to the chart of M30, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0849 and 1.0777 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 1.0849 is broken, the price is likely to continue its move by 1.0844.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- EURJPY
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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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 199.05
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPAUD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0901; the lower boundary 2.0851; the width of the pattern 50 points
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the AUDCAD D1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6, support level -3
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