signal strength 1 of 5
According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3561/1.3576 and upper border is 1.3590/1.3576. The pattern width is measured on the chart at -29 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCAD breaches the lower border, the price could continue its move toward 1.3561.
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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The Triple Top pattern has formed on the chart of the AUDCAD D1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6, support level -3
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According to the chart of M5, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5212 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the #PEP M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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