Actual patterns
Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.
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Double Top
was formed on 12.05 at 06:00:24 (UTC+0)
signal strength 4 of 5
The Double Top reversal pattern has been formed on USDCAD H1. Characteristics: the upper boundary 1.3943; the lower boundary 1.3896; the width of the pattern is 44 points. Sell trades are better to be opened below the lower boundary 1.3896 with a possible movements towards the 1.3856 level.
