signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8678 while the median line of the Neck is found at 0.8595/0.8604. 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 AUDCAD will go towards 0.8589.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
- M30
- H1
- D1
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- Buy
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The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1392; the lower boundary 1.1375; the width of the pattern is 16 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 USDCAD M5; the upper boundary is 1.3853; the lower boundary is 1.3839. The width of the pattern is 14 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 SILVER M15. Characteristics: the support level 33.24; the resistance level 33.41; the width of the pattern 170 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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