signal strength 1 of 5
According to the chart of M5, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6402 while the median line of the Neck is set at 0.6415/0.6416. 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 AUDUSD will go towards 0.6431.
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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According to the chart of M30, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 92.50 is breached. Here
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On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 144.19; the lower boundary 144.05; the width of the pattern 14 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURNZD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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