signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1016 and 1.0994 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 22 pips. Outlook: If the upper border 1.1016 is broken, the price is likely to continue its move by 1.1021.
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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- GBPJPY
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The Double Top reversal pattern has been formed on AUDJPY M30. Characteristics: the upper boundary 93.81; the lower boundary 93.23; the width of the pattern is 60 points. Sell trades
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The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 3450.66; the lower boundary 3436.66; the width of the pattern is 1410 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3436.66
The M5 and M15 time frames may have more false entry points.
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