signal strength 3 of 5
According to the chart of M30, NZDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8253, the lower border is 0.8221. The signal means that a short position should be opened after fixing a price below the lower border 0.8221 of the Bearish Rectangle.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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- EURJPY
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The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.5788; the lower boundary 1.5779; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on the chart NZDCAD M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.8222 may push
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the NZDCAD 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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