signal strength 2 of 5
According to the chart of M15, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8796/0.8839 whereas the upper border goes across 0.8876/0.8839. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCAD will breach the upper border to head for 0.8862.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8857 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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On the chart of EURGBP H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8449; the lower boundary 0.8442; the width of the pattern 7 points
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The Triple Bottom pattern has formed on the chart of AUDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.8873 with the upper limit 0.8873/0.8864
The M5 and M15 time frames may have more false entry points.
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