signal strength 1 of 5
According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.4261 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -58 pips.
The M5 and M15 time frames may have more false entry points.
See Also
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- Pennant
- Rectangle
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- Triple top
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- AUDCAD
- AUDCHF
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- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
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- GBPUSD
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The Double Bottom pattern has been formed on AUDCHF 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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The Double Top pattern has been formed on EURCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.5393
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On the chart of EURCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5590; the lower boundary 1.5393; the width of the pattern 197 points
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