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According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.9535/0.9531 whereas the lower border goes across 0.9527/0.9531. The pattern width is measured on the chart at 8 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9531 is broken, the price could continue its move toward 0.9546.
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 Bullish pennant graphic pattern has formed on the NZDCHF M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
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The Bullish pennant signal – Trading instrument NZDUSD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.5922, with the prospect
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 2.0710/2.0681; support level 2.0643/2.0645; the width is 67 points. In the event
The M5 and M15 time frames may have more false entry points.
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