signal strength 1 of 5
The Triple Bottom pattern has formed on the chart of EURCAD M5. Features of the pattern: The lower line of the pattern has coordinates 1.5715 with the upper limit 1.5715/1.5696, the projection of the width is 27 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.5688, the price is most likely to continue the upward movement.
The M5 and M15 time frames may have more false entry points.
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- Triangle
- Triple top
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The Double Top pattern has been formed on EURCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6016
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCAD 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 Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.6026; the lower boundary 1.6010; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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