signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 161.35/161.59 whereas the upper border goes across 161.79/161.59. 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 EURJPY will breach the upper border to head for 161.74.
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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The Triple Top pattern has formed on the chart of the NZDUSD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 5, support level -12
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The Double Top pattern has been formed on GBPUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3253
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The Triple Top pattern has formed on the chart of the NZDUSD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 5, support level -12
The M5 and M15 time frames may have more false entry points.
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