signal strength 1 of 5
According to the chart of M5, EURGBP formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8354 while the median line of the Neck is found at 0.8350/0.8352. 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 EURGBP will go towards 0.8369
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- EURRUB
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- GBPUSD
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The Double Bottom pattern has been formed on GBPUSD M15. Characteristics: the support level 1.3529; the resistance level 1.3544; the width of the pattern 15 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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On the chart of USDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 143.88; the lower boundary 142.81; the width of the pattern 107 points
The M5 and M15 time frames may have more false entry points.
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On the chart of the NZDCHF M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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