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Bullish Symmetrical Triangle
According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9217 and 0.9205 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 12 pips. Outlook: If the upper border 0.9217 is broken, the price is likely to continue its move by 0.9227.
Bullish Flag
The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURCHF M5. Forecast: if the price breaks above the pattern high at 0.9226, then traders will be able to place a long deal with the target at 0.9241.
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Bullish pennant
The Bullish pennant signal – Trading instrument EURCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.9226, with the prospect of the next move being a projection of the flagpole height.
Bullish Symmetrical Triangle
According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.9233/0.9222 whereas the lower border goes across 0.9211/0.9222. The pattern width is measured on the chart at 22 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9222 is broken, the price could continue its move toward 0.9237.
Bullish Flag
The Bullish Flag pattern has been formed on EURCHF at M5. The lower boundary of the pattern is located at 0.9184/0.9184, while the higher boundary lies at 0.9188/0.9188. The projection of the flagpole is 5 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.9188 is broken, the price will move further upwards.
