signal strength 1 of 5
The EURCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.6055, the Neckline and the upward angle are at 1.6015/1.6019. 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 1.6004.
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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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0785; the resistance level 2.0844; the width of the pattern 59 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 87.38/87.40 after
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 GBPJPY M5. Characteristics: the upper boundary 199.70; the lower boundary 199.41; the width of the pattern is 30 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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