signal strength 1 of 5
According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8825/0.8830 whereas the upper border goes across 0.8835/0.8830. 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 USDCHF will breach the upper border to head for 0.8845.
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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The Bullish pennant graphic pattern has formed on the NZDCHF M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
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The Bullish pennant signal – Trading instrument NZDUSD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.5922, with the prospect
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 2.0710/2.0681; support level 2.0643/2.0645; the width is 67 points. In the event
The M5 and M15 time frames may have more false entry points.
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