signal strength 4 of 5
The AUDJPY H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 94.49, the Neckline and the upward angle are at 94.01/94.04. 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 AUDJPY will go towards 93.64.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on NZDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8099
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.02
The M5 and M15 time frames may have more false entry points.
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According to M30, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5860/0.5861 is broken out, the instrument is likely to move toward
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