signal strength 2 of 5
According to the chart of M15, EURCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.5370 while the median line of the Neck is found at 1.5336/1.5354. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURCAD will go towards 1.5393
The M5 and M15 time frames may have more false entry points.
See Also
- All
- 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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The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 2.0836; the lower boundary 2.0774; the width of the pattern is 66 points. Sell trades
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 the NZDCAD 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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According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3023 and 1.2951 are the coordinates
The M5 and M15 time frames may have more false entry points.
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