signal strength 1 of 5
According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.4387 and 1.4367 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 20 pips. Outlook: If the upper border 1.4387 is broken, the price is likely to continue its move by 1.4391.
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 Bullish pennant pattern is formed on the SILVER 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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The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 189.00; the lower boundary is 188.55. The width of the pattern is 44 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF 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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