was formed on 08.09 at 21:20:39 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, EURCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.4601 while the median line of the Neck is found at 1.4587/1.4595. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURCAD will go towards 1.4616
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
