signal strength 2 of 5
According to the chart of M15, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5545 and support 0.5534. In case the resistance level 0.5545 - 0.5545 is broken, the instrument is likely to follow the bullish 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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- AUDCAD
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- EURJPY
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- GBPJPY
- GBPUSD
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- NZDUSD
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- USDCAD
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- USDRUB
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According to the chart of H1, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0927, the lower border is 2.0711. The signal means
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The Double Top reversal pattern has been formed on EURGBP M5. Characteristics: the upper boundary 0.8572; the lower boundary 0.8562; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the SILVER M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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