signal strength 1 of 5
The Bearish Flag pattern has been formed on USDCAD at M5. The lower boundary of the pattern is located at 1.4283/1.4301 while the upper boundary lies at 1.4299/1.4317. The projection of the flagpole is 35 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.4283 is broken, the price will move further downwards.
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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The Double Top reversal pattern has been formed on EURNZD M15. Characteristics: the upper boundary 1.9183; the lower boundary 1.9107; the width of the pattern is 78 points. Sell trades
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 1.5769; the lower boundary 1.5762; the width of the pattern is 6 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 84.39; the lower boundary is 84.32. The width of the pattern is 8 points. In case
The M5 and M15 time frames may have more false entry points.
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