signal strength 2 of 5
According to the chart of M15, EURCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.5370 while the median line of the Neck is found at 1.5336/1.5354. 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 EURCAD will go towards 1.5393
The M5 and M15 time frames may have more false entry points.
See Also
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According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.80/161.99 and upper border is 162.17/161.99. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDUSD M30. Characteristics: the support level 0.5916; the resistance level 0.5929; the width of the pattern 13 points. If the resistance level
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The Double Bottom pattern has been formed on AUDJPY M15. Characteristics: the support level 92.08; the resistance level 92.42; the width of the pattern 34 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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