signal strength 1 of 5
According to the chart of M5, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 165.42 while the median line of the Neck is found at 165.03/165.08. 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 EURJPY will go towards 164.93.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
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- Triple top
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The Bullish Flag pattern has been formed on the chart NZDJPY M15 which signals that the upward trend will continue. Signals: а break of the peak at 87.28 may push
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant graphic pattern has formed on the NZDJPY M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7990 and support 0.7983
The M5 and M15 time frames may have more false entry points.
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