signal strength 1 of 5
The Double Bottom pattern has been formed on USDCAD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.4287 is broken. The further movements will rely on the width of the current pattern 11 points.
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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- EURGBP
- EURJPY
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- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Bearish Flag pattern has been formed on the chart EURCAD M5 which signals that the downward trend will continue. If the price breaks below the low at 1.5726, then
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the EURCAD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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According to M30, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4755/0.4755 is broken out, the instrument is likely to move toward
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