signal strength 1 of 5
According to the chart of M5, EURGBP formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8332/0.8337 and upper border is 0.8342/0.8337. The pattern width is measured on the chart at -10 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURGBP breaches the lower border, the price could continue its move toward 0.8322.
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
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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The Triple Top pattern has formed on the chart of the GBPAUD 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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The Double Bottom pattern has been formed on EURJPY 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 Double Bottom pattern has been formed on EURJPY M15. Characteristics: the support level 162.73; the resistance level 162.97; the width of the pattern 24 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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