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 2.0508/2.0535 whereas the upper border goes across 2.0555/2.0535. 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 2.0550.
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
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- Triple top
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The Bearish Flag pattern has been formed on AUDCAD at M15. The lower boundary of the pattern is located at 0.8898/0.8906 while the upper boundary lies at 0.8906/0.8914. The projection
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the AUDCAD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.8898 is broken through. Recommendations: Place
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 M5. Characteristics: the support level 1.5613; the resistance level 1.5636; the width of the pattern 23 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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