signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1015 while the median line of the Neck is found at 1.0998/1.0998. 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 GBPCHF will go towards 1.0983.
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 M15, GOLD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 3248.03/3229.49
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPJPY M5. It has the following characteristics: resistance level 193.74/193.67; support level 193.54/193.55; the width is 20 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 162.89; the lower boundary is 162.81. The width of the pattern is 9 points. In case
The M5 and M15 time frames may have more false entry points.
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