signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3212/1.3159 whereas the lower border goes across 1.3121/1.3159. The pattern width is measured on the chart at 91 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3159 is broken, the price could continue its move toward 1.3174.
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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- GBPCHF
- GBPJPY
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The technical pattern called Head and Shoulders has appeared on the chart of GBPCHF H1. There are weighty reasons to suggest that the price will surpass the Neckline 1.0509/1.0511 after
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The Double Bottom pattern has been formed on GBPCHF M5. 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.
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The Double Bottom pattern has been formed on NZDCHF M30. Characteristics: the support level 0.4493; the resistance level 0.4505; the width of the pattern 12 points. If the resistance level
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