signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0704/2.0775 whereas the upper border goes across 2.0831/2.0775. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPAUD will breach the upper border to head for 2.0790.
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 AUDJPY M15; the upper boundary is 94.79; the lower boundary is 94.40. The width of the pattern is 39 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the EURCAD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 94.51; the lower boundary is 94.40. The width of the pattern is 10 points. In case
The M5 and M15 time frames may have more false entry points.
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