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According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 95.31/95.26 whereas the lower border goes across 95.21/95.26. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 95.26 is broken, the price could continue its move toward 95.41.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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According to H1, AUDCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.9125/0.9123 is broken out, the instrument is likely to move toward
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The Double Top pattern has been formed on GBPUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3502
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On the chart of the GBPAUD M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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