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 0.8370 while the median line of the Neck is found at 0.8358/0.8357. 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 0.8335.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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- EURCHF
- EURGBP
- EURJPY
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- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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- SILVER
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- USDRUB
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- M5
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The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 187.03; the lower boundary is 186.00. The width of the pattern is 99 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M15; the upper boundary is 143.79; the lower boundary is 142.91. The width of the pattern is 89 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, SILVER formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 31.30, the lower border is 31.23. The signal means
The M5 and M15 time frames may have more false entry points.
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