signal strength 2 of 5
According to the chart of M15, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8879/0.8896 whereas the upper border goes across 0.8909/0.8896. 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 AUDCAD will breach the upper border to head for 0.8918.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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According to the chart of M15, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8921
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of AUDCAD M15. Features of the pattern: The lower line of the pattern has coordinates 0.8940 with the upper limit 0.8940/0.8936
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPUSD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3769; the lower boundary 1.3698; the width of the pattern 71 points
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