signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 85.80/85.81 after the right shoulder has been formed. So, the trend is set to change with the price heading for 85.66.
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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According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 100.32 and 100.19 are the coordinates
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, AUDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6523 and support 0.6512
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Triple Top pattern has formed on the chart of the AUDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -4
The M5 and M15 time frames may have more false entry points.
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