signal strength 1 of 5
According to the chart of M5, USDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.4338 – 1.4338 and upper border 1.4351 – 1.4351. In case the lower border is broken, the instrument is likely to follow the downward trend.
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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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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- NZDUSD
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- USDRUB
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On the chart of SILVER M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 33.74; the lower boundary 33.52; the width of the pattern 230 points
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According to the chart of M5, USDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.8841 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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The Double Top reversal pattern has been formed on EURJPY M15. Characteristics: the upper boundary 162.38; the lower boundary 162.20; the width of the pattern is 20 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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