signal strength 1 of 5
The Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 92.87/92.73; support level 92.26/92.45; the width is 61 points. In the event of a breakdown of the resistance level of 92.87, the price is likely to continue an upward movement at least to 92.62.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
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- Triple top
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The Bearish pennant pattern has formed on the AUDCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5125; the projection
The M5 and M15 time frames may have more false entry points.
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The EURGBP M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8522, the Neckline and the upward angle are at 0.8471/0.8475. The formation
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The Bearish pennant pattern has formed on the GBPUSD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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