signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 189.13/189.44 whereas the upper border goes across 189.79/189.44. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPJPY will breach the upper border to head for 189.59.
The M5 and M15 time frames may have more false entry points.
See Also
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The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 143.93; the resistance level 144.86; the width of the pattern 93 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9130/0.9145 and upper border is 0.9158/0.9145. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M15, GBPUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.3107 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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