signal strength 2 of 5
According to the chart of M15, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3848/1.3836 whereas the lower border goes across 1.3821/1.3836. The pattern width is measured on the chart at 27 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3836 is broken, the price could continue its move toward 1.3858.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- GBPAUD
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According to the chart of H1, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8299/0.8226
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The Double Top reversal pattern has been formed on GBPJPY D1. Characteristics: the upper boundary 195.94; the lower boundary 184.35; the width of the pattern is 1203 points. Sell trades
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The Double Top reversal pattern has been formed on NZDJPY D1. Characteristics: the upper boundary 87.33; the lower boundary 79.77; the width of the pattern is 792 points. Sell trades
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