signal strength 1 of 5
The EURCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.5734, the Neckline and the upward angle are at 1.5652/1.5644. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURCAD will go towards 1.5629.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.5574; the lower boundary 1.5552; the width of the pattern is 23 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, USDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8474, the lower border is 0.8409. The signal means
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCHF 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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