signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 85.95/85.78 whereas the lower border goes across 85.58/85.78. The pattern width is measured on the chart at 37 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 85.78 is broken, the price could continue its move toward 85.93.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
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- GBPJPY
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- NZDUSD
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The Double Bottom pattern has been formed on USDCHF M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Bullish pennant graphic pattern has formed on the EURJPY H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
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According to the chart of M30, SILVER formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 36.17
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