signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1422 and 1.1390 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 32 pips. Outlook: If the upper border 1.1422 is broken, the price is likely to continue its move by 1.1424.
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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- AUDCAD
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- EURCAD
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- EURJPY
- EURNZD
- EURRUB
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- GBPCHF
- GBPJPY
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The Double Top pattern has been formed on EURNZD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.9825
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The Double Bottom pattern has been formed on AUDCHF M30; the upper boundary is 0.5071; the lower boundary is 0.5001. The width of the pattern is 72 points. In case
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On the chart of EURCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5746; the lower boundary 1.5712; the width of the pattern 34 points
The M5 and M15 time frames may have more false entry points.
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