signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8678 while the median line of the Neck is found at 0.8595/0.8604. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDCAD will go towards 0.8589.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AMZN
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- AUDCAD
- AUDCHF
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The Bullish pennant graphic pattern has formed on the AUDJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #AMZN M15; the upper boundary is 203.40; the lower boundary is 200.12. The width of the pattern is 338 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #AMZN M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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