signal strength 2 of 5
According to the chart of M15, NZDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8230/0.8246 and upper border is 0.8260/0.8246. The pattern width is measured on the chart at -30 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDCAD breaches the lower border, the price could continue its move toward 0.8224.
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 reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 199.47; the lower boundary 199.18; the width of the pattern is 28 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPUSD M30. Characteristics: the upper boundary 1.3549; the lower boundary 1.3535; the width of the pattern is 13 points. Sell trades
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According to the chart of H1, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0594/2.0646 and upper border is 2.0715/2.0646. The pattern width is measured
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