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 1.3555 is broken. The further movements will rely on the width of the current pattern 16 points.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
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- Pennant
- Rectangle
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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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On the chart of USDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8005; the lower boundary 0.7977; the width of the pattern 28 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 167.88 is breached. Here
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According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 87.61/87.50
The M5 and M15 time frames may have more false entry points.
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