signal strength 1 of 5
According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.5636/1.5647 whereas the upper border goes across 1.5658/1.5647. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURCAD will breach the upper border to head for 1.5662.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
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- GBPJPY
- GBPUSD
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The Triple Top pattern has formed on the chart of the AUDUSD D1. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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On the chart of NZDJPY D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 87.88; the lower boundary 84.57; the width of the pattern 331 points
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The Double Bottom pattern has been formed on EURNZD 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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