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实际图案
Double Top
On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4071; the lower boundary 1.4043; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4028 level.
Bullish Symmetrical Triangle
According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.4144 and 1.4072 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 72 pips. Outlook: If the upper border 1.4144 is broken, the price is likely to continue its move by 1.4119.
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Double Top
On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4005; the lower boundary 1.3995; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3980 level.
Double Bottom
The Double Bottom pattern has been formed on USDCAD M5; the upper boundary is 1.3983; the lower boundary is 1.3950. The width of the pattern is 33 points. In case of a break of the upper boundary 1.3983, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
Bearish pennant
The Bearish pennant pattern has formed on the USDCAD H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3924; the projection of the flagpole height is equal to 63 pips. In case the price breaks out the pattern’s bottom of 1.3924, the downtrend is expected to continue for further level 1.3884.
