signal strength 1 of 5

The Bullish Flag pattern has been formed on USDCAD at M5. The lower boundary of the pattern is located at 1.3870/1.3862, while the higher boundary lies at 1.3876/1.3868. The projection of the flagpole is 16 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.3876 is broken, the price will move further upwards.
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 GBPCHF H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
Open chart in a new windowThe Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5990
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Triple Bottom pattern has formed on the chart of the USDCHF M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
Open chart in a new window