signal strength 1 of 5
On the chart of EURCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5398; the lower boundary 1.5377; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.5362 level.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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According to the chart of M30, USDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 140.49 is breached. Here
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According to the chart of M15, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 140.49 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6402 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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