signal strength 1 of 5
According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 144.75 while the median line of the Neck is found at 144.17/144.17. 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 USDJPY will go towards 144.02.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
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- Triple top
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The Double Bottom pattern has been formed on EURNZD M15; the upper boundary is 1.8970; the lower boundary is 1.8933. The width of the pattern is 35 points. In case
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1137; the lower boundary 1.1122; the width of the pattern 15 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 163.84/163.71
The M5 and M15 time frames may have more false entry points.
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