signal strength 2 of 5
According to the chart of M15, USDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.4267 and 1.4204 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 63 pips. Outlook: If the upper border 1.4267 is broken, the price is likely to continue its move by 1.4259.
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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On the chart of GBPUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3441; the lower boundary 1.3416; the width of the pattern 25 points
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The Bullish pennant pattern is formed on the USDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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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 191.00
The M5 and M15 time frames may have more false entry points.
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