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According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.8850/1.8834 whereas the lower border goes across 1.8816/1.8834. The pattern width is measured on the chart at 34 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.8834 is broken, the price could continue its move toward 1.8849.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.3211 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on GBPCHF M15; the upper boundary is 1.1019; the lower boundary is 1.0994. The width of the pattern is 24 points. In case
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to M15, EURUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.1233/1.1229 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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