signal strength 2 of 5
According to the chart of M15, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8813/0.8844 whereas the upper border goes across 0.8874/0.8844. 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 AUDCAD will breach the upper border to head for 0.8867.
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 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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On the chart of USDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8346; the lower boundary 0.8340; the width of the pattern 6 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0643; the resistance level 2.0710; the width of the pattern 67 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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