signal strength 1 of 5
According to the chart of M5, EURCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.5963 while the median line of the Neck is found at 1.5948/1.5948. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURCAD will go towards 1.5933.
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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- AUDCAD
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- EURJPY
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- EURUSD
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- GBPJPY
- GBPUSD
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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3577; the lower boundary 1.3564; the width of the pattern is 14 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant graphic pattern has formed on the NZDCHF M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5269/0.5266
The M5 and M15 time frames may have more false entry points.
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