signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 2.1404 – 2.1404 and upper border 2.1474 – 2.1474. In case the upper border is broken, the instrument is likely to follow the upward trend.
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 EURUSD M5. Characteristics: the support level 1.1284; the resistance level 1.1300; the width of the pattern 16 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPJPY formed the Head and Shoulders pattern. The Head’s top is set at 195.33 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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On the chart of the AUDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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