signal strength 3 of 5
According to the chart of M30, EURUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.1494 while the median line of the Neck is found at 1.1404/1.1410. 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 EURUSD will go towards 1.1380.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.8935; the resistance level 0.8953; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #PEP M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 141.47; the projection
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPCHF H1. Forecast: if the price breaks above the pattern high at 1.0785, then
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