signal strength 1 of 5
According to the chart of M5, EURCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.5606 – 1.5606 and upper border 1.5636 – 1.5636. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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- Pennant
- Rectangle
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The Double Top pattern has been formed on NZDUSD D1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5888
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According to the chart of M5, GBPUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3247 - 0.0000
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 146.19 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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