signal strength 1 of 5
According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7878 while the median line of the Neck is found at 0.7826/0.7858. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.7893
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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According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 191.31 and 190.01 are the coordinates
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8223; the lower boundary is 0.8195. The width of the pattern is 27 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCHF M15; the upper boundary is 0.9383; the lower boundary is 0.9376. The width of the pattern is 7 points. In case
The M5 and M15 time frames may have more false entry points.
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