signal strength 1 of 5
According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.1353/1.1399 and upper border is 1.1441/1.1399. The pattern width is measured on the chart at -88 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURUSD breaches the lower border, the price could continue its move toward 1.1384.
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 technical pattern called Head and Shoulders has appeared on the chart of GOLD M5. There are weighty reasons to suggest that the price will surpass the Neckline 3310.89/3311.42 after
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on NZDUSD H1. Characteristics: the upper boundary 0.5988; the lower boundary 0.5957; the width of the pattern is 34 points. Sell trades
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The Triple Bottom pattern has been formed on USDCHF M5. It has the following characteristics: resistance level 0.8235/0.8232; support level 0.8223/0.8219; the width is 12 points. In the event
The M5 and M15 time frames may have more false entry points.
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