signal strength 1 of 5
The USDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.4295, the Neckline and the upward angle are at 1.4237/1.4245. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of USDCAD will go towards 1.4230.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.3211 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF M15; the upper boundary is 1.1019; the lower boundary is 1.0994. The width of the pattern is 24 points. In case
The M5 and M15 time frames may have more false entry points.
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According to M15, EURUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.1233/1.1229 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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