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According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 150.95/150.72 whereas the lower border goes across 150.50/150.72. The pattern width is measured on the chart at 45 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 150.72 is broken, the price could continue its move toward 150.87.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 150.72; the resistance level 150.87; the width of the pattern 15 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, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5549 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bearish Flag pattern has been formed on the chart NZDCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
Open chart in a new window