signal strength 1 of 5
According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6295/0.6288 whereas the lower border goes across 0.6279/0.6288. The pattern width is measured on the chart at 16 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6288 is broken, the price could continue its move toward 0.6303.
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 Double Bottom pattern has been formed on USDJPY M15. Characteristics: the support level 148.74; the resistance level 149.26; the width of the pattern 52 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M15. Characteristics: the support level 192.71; the resistance level 193.38; the width of the pattern 67 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 34.30
The M5 and M15 time frames may have more false entry points.
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