was formed on 08.05 at 20:36:26 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, EURCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.5643 - 0.0000 and support 1.5620 – 1.5620. In case the resistance level 1.5620 - 1.5620 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
