signal strength 3 of 5
The AUDCAD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9039, the Neckline and the upward angle are at 0.9004/0.9004. 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 AUDCAD will go towards 0.8974.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on USDCAD M15. Characteristics: the upper boundary 1.3738; the lower boundary 1.3722; the width of the pattern is 15 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of EURUSD M30. There are weighty reasons to suggest that the price will surpass the Neckline 1.1404/1.1412 after
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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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