signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8678 while the median line of the Neck is found at 0.8595/0.8604. 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 AUDCAD will go towards 0.8589.
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of EURCHF H1. Features of the pattern: The lower line of the pattern has coordinates 0.9371 with the upper limit 0.9371/0.9363
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The Double Bottom pattern has been formed on EURCHF M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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According to M30, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8233/0.8233 is broken out, the instrument is likely to move toward
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