signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of EURCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.9325/0.9326 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9311.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
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- Triple top
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The Bearish Flag pattern has been formed on USDJPY at M15. The lower boundary of the pattern is located at 142.45/142.61 while the upper boundary lies at 142.59/142.75. The projection
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the USDJPY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 142.45 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.5671; the lower boundary 1.5609; the width of the pattern is 61 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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