signal strength 1 of 5
According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8825/0.8830 whereas the upper border goes across 0.8835/0.8830. 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 USDCHF will breach the upper border to head for 0.8845.
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 Triple Top pattern has formed on the chart of the #MSFT M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -14
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument NZDCAD M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.8222, with the prospect
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The Double Top pattern has been formed on USDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 150.60
The M5 and M15 time frames may have more false entry points.
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