signal strength 4 of 5
According to the chart of H1, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0849/1.0814 whereas the lower border goes across 1.0777/1.0814. The pattern width is measured on the chart at 72 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0814 is broken, the price could continue its move toward 1.0854.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Top pattern has formed on the chart of the SILVER M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1008; the lower boundary 1.0998; the width of the pattern 10 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1310 is breached. Here
The M5 and M15 time frames may have more false entry points.
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