signal strength 2 of 5
According to the chart of M15, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1155 while the median line of the Neck is found at 1.1109/1.1115. 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 1.1092.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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- EURGBP
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- USDRUB
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- M5
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- M30
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The technical pattern called Head and Shoulders has appeared on the chart of USDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.8138/0.8137 after
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 705.77; the lower boundary 697.27; the width of the pattern is 857 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on #GOOG M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 177.57
The M5 and M15 time frames may have more false entry points.
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