signal strength 1 of 5
According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 36.14/35.99 whereas the lower border goes across 35.86/35.99. The pattern width is measured on the chart at 280 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 35.99 is broken, the price could continue its move toward 36.01.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Rectangle
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- Triple top
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The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 202.58; the lower boundary 202.45; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 100.32 and 100.19 are the coordinates
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, AUDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6523 and support 0.6512
The M5 and M15 time frames may have more false entry points.
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