signal strength 1 of 5
According to the chart of M5, EURCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.5811 while the median line of the Neck is found at 1.5747/1.5755. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURCAD will go towards 1.5740.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
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- H1
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The Triple Bottom pattern has formed on the chart of the GBPAUD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY M15. 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 Bullish Flag pattern has been formed on the chart GBPAUD M15 which signals that the upward trend will continue. Signals: а break of the peak at 2.0593 may push
The M5 and M15 time frames may have more false entry points.
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