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Actual patterns
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the EURCAD M5 chart. A break below the lower boundary at 1.5937 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 11 points.
Bullish Symmetrical Triangle
The Bullish Symmetrical Triangle pattern has formed on the EURCAD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 1.6063/1.6050, while its lower boundary passes through 1.6041/1.6050. The pattern width is 22 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 1.6050 could send the price toward 1.6065.
Double Bottom
The Double Bottom pattern has formed on the EURCAD M30 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 1.6028. The projected move is based on the pattern width of 42 points.
Double Top
The Double Top pattern has formed on the EURCAD M15 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.6065 is likely to confirm further downward movement.
Double Bottom
The Double Bottom pattern has formed on the EURCAD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 1.6098. The projected move is based on the pattern width of 5 points.