signal strength 3 of 5
According to the chart of M30, GBPJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 190.30 while the median line of the Neck is set at 191.31/191.24. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPJPY will go towards 191.54.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
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- Triple top
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The Bearish pennant pattern has formed on the #NTDOY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 22.97; the projection
The M5 and M15 time frames may have more false entry points.
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The GBPJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 199.21, the Neckline and the upward angle are at 198.91/198.95. The formation
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on the chart AUDJPY M5 which signals that the upward trend will continue. Signals: а break of the peak at 94.92 may push
The M5 and M15 time frames may have more false entry points.
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