signal strength 1 of 5
The Bearish Flag pattern has been formed on USDCAD at M5. The lower boundary of the pattern is located at 1.4283/1.4301 while the upper boundary lies at 1.4299/1.4317. The projection of the flagpole is 35 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.4283 is broken, the price will move further downwards.
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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The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5197; the lower boundary is 0.5192. The width of the pattern is 5 points. In case
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3409; the lower boundary 1.3401; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 90.17 - 0.00
The M5 and M15 time frames may have more false entry points.
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