signal strength 1 of 5
According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6574/0.6570 whereas the lower border goes across 0.6564/0.6570. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6570 is broken, the price could continue its move toward 0.6585.
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 Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 195.26
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on the chart GBPCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.0752 may push
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument GBPCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.0752, with the prospect
The M5 and M15 time frames may have more false entry points.
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