signal strength 1 of 5
According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.5702 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -47 pips.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Pennant
- Rectangle
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- Triple top
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- AUDCAD
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- EURUSD
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According to the chart of M5, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 86.21 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the EURCAD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 92.57
The M5 and M15 time frames may have more false entry points.
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