Head and Shoulders
was formed on 07.04 at 10:35:00 (UTC+0)
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.

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Figure

Instrument

All
Bearish Rectangle
Bearish Symmetrical Triangle
Bearish Symmetrical Triangle
Bullish Rectangle
Double Top
Double Top
Triple Bottom
Triple Bottom
Triple Top
Triple Top

Timeframe

Trend

All
Buy
Sale

Signal Strength

Double Top
was formed on 15.05 at 19:16:47 (UTC+0)
signal strength 2 of 5

The Double Top pattern has been formed on USDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3988

The M5 and M15 time frames may have more false entry points.

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Double Bottom
was formed on 15.05 at 19:11:16 (UTC+0)
signal strength 1 of 5

The Double Bottom pattern has been formed on EURJPY 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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Bearish pennant
was formed on 15.05 at 19:01:45 (UTC+0)
signal strength 3 of 5

The Bearish pennant pattern has formed on the #NTDOY M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 19.46 is broken through. Recommendations: Place

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