signal strength 2 of 5
According to the chart of M15, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3273/1.3295 and upper border is 1.3328/1.3295. The pattern width is measured on the chart at -55 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPUSD breaches the lower border, the price could continue its move toward 1.3273.
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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- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 705.77; the lower boundary 697.27; the width of the pattern is 857 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 #GOOG M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 177.57
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3517, the lower border is 1.3495. The signal means
The M5 and M15 time frames may have more false entry points.
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