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According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 85.95/85.78 whereas the lower border goes across 85.58/85.78. The pattern width is measured on the chart at 37 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 85.78 is broken, the price could continue its move toward 85.93.
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPUSD H1. Forecast: if the price breaks above the pattern high at 1.3592, then
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The Bullish pennant pattern is formed on the GBPUSD H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
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The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.8862; the resistance level 0.8872; the width of the pattern 10 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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