signal strength 1 of 5
According to the chart of M5, USDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 144.19 while the median line of the Neck is found at 143.77/144.02. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDJPY will go towards 144.34
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPJPY
- GBPUSD
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According to the chart of M15, AUDCAD 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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The Triple Bottom pattern has been formed on #TSLA M5. It has the following characteristics: resistance level 342.09/341.55; support level 338.30/339.14; the width is 379 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 #TSLA M5. Characteristics: the support level 339.01; the resistance level 341.55; the width of the pattern 254 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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