signal strength 2 of 5
According to the chart of M15, USDCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.3940 while the median line of the Neck is found at 1.3920/1.3919. 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 USDCAD will go towards 1.3896.
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
- M15
- M30
- H1
- D1
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- Buy
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According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8518/0.8525 whereas the upper border goes across 0.8530/0.8525
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCAD M5. 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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According to the chart of M15, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9356 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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