signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.15/161.86 and upper border is 162.37/161.86. The pattern width is measured on the chart at -122 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 EURJPY breaches the lower border, the price could continue its move toward 161.71.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Rectangle
- Triangle
- Triple top
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According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8511/0.8519 whereas the upper border goes across 0.8530/0.8519
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 93926.12; the lower boundary is 93560.62. The width of the pattern is 36607 points. In case
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 EURCAD H1. Characteristics: the upper boundary 1.5693; the lower boundary 1.5599; the width of the pattern is 96 points. Sell trades
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