signal strength 1 of 5
The Double Bottom pattern has been formed on USDCAD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.4054 is broken. The further movements will rely on the width of the current pattern 27 points.
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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- AUDCHF
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- EURGBP
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- EURRUB
- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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According to the chart of H1, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4706 is breached. Here
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According to the chart of M5, USDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the EURJPY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 160.40; the projection
The M5 and M15 time frames may have more false entry points.
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