signal strength 1 of 5
The Triple Top pattern has formed on the chart of the EURCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.5436/1.5437 with the upper limit 1.5444/1.5446; the projection of the width is 8 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.5436, the price is most likely to continue the downward movement.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- GBPAUD
- GBPCHF
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- NZDCAD
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According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8226 is breached. Here
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of GBPAUD M5. Features of the pattern: The lower line of the pattern has coordinates 2.0938 with the upper limit 2.0938/2.0931
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPAUD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 2.0901; the projection
The M5 and M15 time frames may have more false entry points.
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