signal strength 1 of 5
According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8835/1.8853 and upper border is 1.8866/1.8853. The pattern width is measured on the chart at -31 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 EURNZD breaches the lower border, the price could continue its move toward 1.8838.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Bearish pennant pattern has formed on the #NTDOY M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
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The Bearish pennant pattern has formed on the #NTDOY M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 16.77; the projection
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The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3099.42
The M5 and M15 time frames may have more false entry points.
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