signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 94.62/94.62 after the right shoulder has been formed. So, the trend is set to change with the price heading for 94.47.
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
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- EURCAD
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- EURJPY
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- EURUSD
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- GBPUSD
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On the chart of EURCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5398; the lower boundary 1.5377; the width of the pattern 21 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1418 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6300
The M5 and M15 time frames may have more false entry points.
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