signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8678 while the median line of the Neck is found at 0.8595/0.8604. 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 AUDCAD will go towards 0.8589.
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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The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5950; the lower boundary is 0.5939. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPCHF H1. It has the following characteristics: resistance level 1.0997/1.0988; support level 1.0919/1.0919; the width is 78 points. In the event
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The Triple Bottom pattern has formed on the chart of USDJPY H1. Features of the pattern: The lower line of the pattern has coordinates 145.09 with the upper limit 145.09/144.24
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