signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 163.42/163.55 whereas the upper border goes across 163.70/163.55. 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 EURJPY will breach the upper border to head for 163.70.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
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- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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On the chart of NZDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4970; the lower boundary 0.4957; the width of the pattern 13 points
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 196.04; the lower boundary 195.96; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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On the chart of the NZDCHF M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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