signal strength 1 of 5
The USDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.4295, the Neckline and the upward angle are at 1.4237/1.4245. 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 USDCAD will go towards 1.4230.
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
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- EURJPY
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- GBPUSD
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On the chart of GBPUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3409; the lower boundary 1.3401; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 90.17 - 0.00
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDJPY 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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