signal strength 2 of 5
According to the chart of M15, EURCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.5370 while the median line of the Neck is found at 1.5336/1.5354. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURCAD will go towards 1.5393
The M5 and M15 time frames may have more false entry points.
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
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- AUDCAD
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- EURUSD
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The Bearish pennant pattern has formed on the #PEP M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 130.36; the projection
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The Bearish pennant pattern has formed on the #PEP M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 130.36; the projection
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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3395; the lower boundary 1.3379; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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