signal strength 1 of 5
According to the chart of M5, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6353 while the median line of the Neck is set at 0.6368/0.6369. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of AUDUSD will go towards 0.6384.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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The Bullish Flag pattern has been formed on GBPJPY at M5. The lower boundary of the pattern is located at 195.45/195.27, while the higher boundary lies at 195.63/195.45. The projection
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the GBPJPY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8232; the lower boundary 0.8224; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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