signal strength 3 of 5
According to the chart of M30, EURCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.9269 while the median line of the Neck is found at 0.9229/0.9253. 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 EURCHF will go towards 0.9299
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, EURJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 162.45 and support 162.26
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the EURJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6, support level -6
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GOLD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 3314.24, the lower border is 3300.82. The signal means
The M5 and M15 time frames may have more false entry points.
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