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 0.8522 while the median line of the Neck is found at 0.8471/0.8475. 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 0.8453.
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 Double Bottom pattern has been formed on NZDCAD M30. Characteristics: the support level 0.8223; the resistance level 0.8253; the width of the pattern 30 points. If the resistance level
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According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 194.04 - 0.00
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 146.14, the lower border is 145.97. The signal means
The M5 and M15 time frames may have more false entry points.
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