signal strength 2 of 5
The GBPUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3402, the Neckline and the upward angle are at 1.3347/1.3353. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPUSD will go towards 1.3331.
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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- AUDUSD
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- GBPJPY
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According to the chart of M30, AUDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5226, the lower border is 0.5209. The signal means
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The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 144.68; the lower boundary is 144.40. The width of the pattern is 29 points. In case
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on NZDUSD at M5. The lower boundary of the pattern is located at 0.6055/0.6055, while the higher boundary lies at 0.6061/0.6061. The projection
The M5 and M15 time frames may have more false entry points.
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