signal strength 1 of 5
According to the chart of M5, EURCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.5714 while the median line of the Neck is found at 1.5698/1.5698. 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 EURCAD will go towards 1.5683.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDCAD 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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The Double Bottom pattern has been formed on EURCAD M15. Characteristics: the support level 1.5614; the resistance level 1.5628; the width of the pattern 14 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart USDJPY M5. Forecast: if the price breaks above the pattern high at 144.18, then
The M5 and M15 time frames may have more false entry points.
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