signal strength 2 of 5
According to the chart of M15, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.5600 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -25 pips.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5854/0.5849; support level 0.5843/0.5842; the width is 11 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPJPY M30. It has the following characteristics: resistance level 199.39/199.36; support level 199.18/199.16; the width is 21 points. In the event
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The Bullish pennant pattern is formed on the NZDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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