signal strength 1 of 5
According to the chart of M5, USDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8400 while the median line of the Neck is found at 0.8358/0.8377. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.8415
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Triple Bottom pattern has formed on the chart of NZDCAD H1. Features of the pattern: The lower line of the pattern has coordinates 0.8254 with the upper limit 0.8254/0.8240
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The Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 86.17; the lower boundary 86.04; the width of the pattern is 11 points. Sell trades
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According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8219 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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