signal strength 4 of 5
According to the chart of H1, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5423/0.5395 whereas the lower border goes across 0.5355/0.5395. The pattern width is measured on the chart at 68 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5395 is broken, the price could continue its move toward 0.5435.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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- AUDCAD
- AUDCHF
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The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 144.01; the lower boundary 143.41; the width of the pattern is 57 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPJPY M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 203.17; the projection
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According to the chart of M5, #PEP formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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