signal strength 1 of 5

According to the chart of M5, EURCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.5811 while the median line of the Neck is found at 1.5747/1.5755. 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 EURCAD will go towards 1.5740.
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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The Double Bottom pattern has been formed on USDCHF H1; the upper boundary is 0.8264; the lower boundary is 0.8211. The width of the pattern is 49 points. In case
Open chart in a new windowThe Double Bottom pattern has been formed on USDJPY H1. Characteristics: the support level 142.37; the resistance level 143.04; the width of the pattern 67 points. If the resistance level
Open chart in a new windowThe Triple Top pattern has formed on the chart of the SILVER H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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