signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.15/161.86 and upper border is 162.37/161.86. The pattern width is measured on the chart at -122 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 EURJPY breaches the lower border, the price could continue its move toward 161.71.
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 NZDJPY M30. Characteristics: the upper boundary 87.22; the lower boundary 86.90; the width of the pattern is 34 points. Sell trades
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The Double Top reversal pattern has been formed on NZDJPY H1. Characteristics: the upper boundary 87.22; the lower boundary 86.90; the width of the pattern is 34 points. Sell trades
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The Triple Top pattern has formed on the chart of the GBPUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -2
The M5 and M15 time frames may have more false entry points.
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