signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8865/0.8856 whereas the lower border goes across 0.8846/0.8856. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8856 is broken, the price could continue its move toward 0.8871.
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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The Bearish pennant pattern has formed on the GBPCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.1092; the projection
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 92.44 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on #TSLA M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 348.76
The M5 and M15 time frames may have more false entry points.
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