signal strength 1 of 5
The EURCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.5734, the Neckline and the upward angle are at 1.5652/1.5644. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURCAD will go towards 1.5629.
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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The GBPUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3573, the Neckline and the upward angle are at 1.3545/1.3551. The formation
The M5 and M15 time frames may have more false entry points.
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According to M15, NZDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 87.19/87.18 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the #PEP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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