signal strength 1 of 5
According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5744/0.5736 whereas the lower border goes across 0.5731/0.5736. The pattern width is measured on the chart at 13 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5736 is broken, the price could continue its move toward 0.5751.
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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- AUDCHF
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The Double Bottom pattern has been formed on GBPCHF M30. Characteristics: the support level 1.1001; the resistance level 1.1059; the width of the pattern 58 points. If the resistance level
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The Bearish pennant pattern has formed on the #Bitcoin M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCAD M15; the upper boundary is 1.5686; the lower boundary is 1.5674. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
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