signal strength 1 of 5
According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.1501/1.1531 whereas the upper border goes across 1.1573/1.1531. 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 EURUSD will breach the upper border to head for 1.1546.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
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- Triple top
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The Double Bottom pattern has been formed on #AMZN M5; the upper boundary is 205.74; the lower boundary is 205.16. The width of the pattern is 62 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #GOOG 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.
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The #MSFT M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 462.46, the Neckline and the upward angle are at 459.23/459.22. The formation
The M5 and M15 time frames may have more false entry points.
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