signal strength 2 of 5

According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1147/1.1120 whereas the lower border goes across 1.1098/1.1120. The pattern width is measured on the chart at 49 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1120 is broken, the price could continue its move toward 1.1142.
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
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- EURCHF
- EURGBP
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- GBPCHF
- GBPJPY
- GBPUSD
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The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 3330.94; the resistance level 3337.55; the width of the pattern 661 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on NZDJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on AUDJPY M15. Characteristics: the support level 94.53; the resistance level 94.65; the width of the pattern 12 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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