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According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8865/0.8856 whereas the lower border goes across 0.8846/0.8856. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8856 is broken, the price could continue its move toward 0.8871.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- EURCAD
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The Double Bottom pattern has been formed on NZDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on #FB M5; the upper boundary is 653.26; the lower boundary is 642.54. The width of the pattern is 1063 points. In case
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9335
The M5 and M15 time frames may have more false entry points.
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