signal strength 3 of 5
The Double Bottom pattern has been formed on NZDCAD M30. 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 0.8182 is broken. The further movements will rely on the width of the current pattern 10 points.
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- Double Top
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- AUDCAD
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The Triple Bottom pattern has been formed on EURJPY M5. It has the following characteristics: resistance level 161.42/161.39; support level 161.27/161.29; the width is 15 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument #MA M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 521.82, with the prospect
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On the chart of NZDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4857; the lower boundary 0.4839; the width of the pattern 18 points
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