signal strength 3 of 5
The AUDUSD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.6315, the Neckline and the upward angle are at 0.6292/0.6293. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of AUDUSD will go towards 0.6263.
See Also
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- Flag
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- Rectangle
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- Triple top
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According to the chart of M5, NZDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 85.48, the lower border is 85.38. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8786 is likely to encourage a continuation
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURJPY M5. Forecast: if the price breaks above the pattern high at 162.40, then
The M5 and M15 time frames may have more false entry points.
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