signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 2.0644 while the median line of the Neck is found at 2.0617/2.0613. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPAUD will go towards 2.0598.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has been formed on USDJPY M5. It has the following characteristics: resistance level 148.04/148.00; support level 147.78/147.74; the width is 26 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 164.27; the lower boundary is 164.16. The width of the pattern is 12 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4931
The M5 and M15 time frames may have more false entry points.
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