signal strength 2 of 5
According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 85.78/85.88 and upper border is 85.99/85.88. The pattern width is measured on the chart at -21 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 85.65.
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 Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0962; the lower boundary is 2.0912. The width of the pattern is 51 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on USDJPY H1. It has the following characteristics: resistance level 146.52/146.42; support level 145.21/145.32; the width is 131 points. In the event
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According to M5, USDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 146.30/146.17 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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