signal strength 1 of 5
According to the chart of M5, USDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3889 while the median line of the Neck is found at 1.3877/1.3884. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDCAD will go towards 1.3904
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Bottom pattern has been formed on USDCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 94.21 - 0.00
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8949; the lower boundary 0.8925; the width of the pattern 24 points
The M5 and M15 time frames may have more false entry points.
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