signal strength 2 of 5
According to the chart of M15, EURCAD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.5581 while the median line of the Neck is set at 1.5628/1.5621. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of EURCAD will go towards 1.5644.
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
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
- USDCHF
- USDJPY
- USDRUB
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The Double Bottom pattern has been formed on GBPAUD M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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According to the chart of M15, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8921
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of AUDCAD M15. Features of the pattern: The lower line of the pattern has coordinates 0.8940 with the upper limit 0.8940/0.8936
The M5 and M15 time frames may have more false entry points.
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