signal strength 2 of 5
According to the chart of M15, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.5626 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -47 pips.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Double Bottom pattern has been formed on EURCAD M30; the upper boundary is 1.5625; the lower boundary is 1.5603. The width of the pattern is 20 points. In case
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The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 165.53
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 2.0735; the lower boundary is 2.0666. The width of the pattern is 67 points. In case
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