signal strength 2 of 5
According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 79.77/80.40 and upper border is 81.02/80.40. The pattern width is measured on the chart at -125 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 NZDJPY breaches the lower border, the price could continue its move toward 80.18.
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
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- Triple top
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The Double Top pattern has been formed on #MSFT M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 393.33
The M5 and M15 time frames may have more false entry points.
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On the chart of #AAPL M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 212.03; the lower boundary 210.68; the width of the pattern 135 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 142.40 - 0.00
The M5 and M15 time frames may have more false entry points.
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