signal strength 2 of 5
According to the chart of M15, EURGBP formed the Head and Shoulders pattern. The Head’s top is set at 0.8370 while the median line of the Neck is found at 0.8358/0.8357. 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 EURGBP will go towards 0.8335.
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 formed on the chart of EURCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.9316 with the upper limit 0.9316/0.9313
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 2.0623 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 3375.87; the lower boundary is 3363.32. The width of the pattern is 1258 points. In case
The M5 and M15 time frames may have more false entry points.
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