signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 193.35/193.57 and upper border is 193.89/193.57. The pattern width is measured on the chart at -54 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 GBPJPY breaches the lower border, the price could continue its move toward 193.42.
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 Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 107248.11; the resistance level 107549.35; the width of the pattern 30124 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 107140.52; the lower boundary 106768.13; the width of the pattern is 38591 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 106253.43/106928.98 whereas the upper border goes across 107645.53/106928.98
The M5 and M15 time frames may have more false entry points.
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