signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 87.43/87.60 whereas the upper border goes across 87.77/87.60. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDJPY will breach the upper border to head for 87.75.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 199.95; the lower boundary 199.63; the width of the pattern is 30 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M15. Characteristics: the support level 0.8158; the resistance level 0.8166; the width of the pattern 8 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8162; the lower boundary is 0.8158. The width of the pattern is 4 points. In case
The M5 and M15 time frames may have more false entry points.
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