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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- Flag
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- Pennant
- Rectangle
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- Triple top
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On the chart of USDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8098; the lower boundary 0.8072; the width of the pattern 26 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.5917 and 1.5872 are the coordinates
The M5 and M15 time frames may have more false entry points.
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