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
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- Pennant
- Rectangle
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- Triple top
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The Triple Top pattern has formed on the chart of the GBPCHF M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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 Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 2.0741 and 2.0713 are the coordinates
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPUSD M30. Forecast: if the price breaks above the pattern high at 1.3585, then
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