signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8852/0.8861 whereas the upper border goes across 0.8869/0.8861. 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 AUDCAD will breach the upper border to head for 0.8876.
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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The Triple Top pattern has formed on the chart of the USDJPY M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 4, support level -1
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GOLD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 3284.62
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The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0963; the lower boundary is 2.0952. The width of the pattern is 12 points. In case
The M5 and M15 time frames may have more false entry points.
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