signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 2.0644 while the median line of the Neck is found at 2.0617/2.0613. 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 GBPAUD will go towards 2.0598.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
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- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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On the chart of the AUDCAD 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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On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 142.93; the lower boundary 142.50; the width of the pattern 43 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8865/0.8856
The M5 and M15 time frames may have more false entry points.
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