signal strength 1 of 5
The Triple Bottom pattern has been formed on NZDCAD M5. It has the following characteristics: resistance level 0.8175/0.8168; support level 0.8162/0.8157; the width is 13 points. In the event of a breakdown of the resistance level of 0.8175, the price is likely to continue an upward movement at least to 0.8175.
The M5 and M15 time frames may have more false entry points.
See Also
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- Rectangle
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- Triple top
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The Double Bottom pattern has been formed on GBPUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, EURGBP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8516 - 0.0000
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3561/1.3571 whereas the upper border goes across 1.3579/1.3571
The M5 and M15 time frames may have more false entry points.
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