signal strength 2 of 5
According to the chart of M15, EURCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.5532 - 0.0000 and support 1.5502 – 1.5502. In case the resistance level 1.5502 - 1.5502 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURGBP M5. Forecast: if the price breaks above the pattern high at 0.8461, then
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the EURGBP M5 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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According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 36.27 is breached. Here
The M5 and M15 time frames may have more false entry points.
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