signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1002 and 1.0967 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 35 pips. Outlook: If the upper border 1.1002 is broken, the price is likely to continue its move by 1.0999.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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On the chart of AUDUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6496; the lower boundary 0.6473; the width of the pattern 23 points
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The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1510
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The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5303; the lower boundary 0.5280; the width of the pattern is 23 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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