signal strength 1 of 5
According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7878 while the median line of the Neck is found at 0.7826/0.7858. 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 NZDCAD will go towards 0.7893
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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- Triple top
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The GOLD H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 3344.99, the Neckline and the upward angle are at 3290.48/3282.56. The formation
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According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8177/0.8192 and upper border is 0.8202/0.8192. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on #MA M5. It has the following characteristics: resistance level 570.10/569.39; support level 567.05/567.54; the width is 305 points. In the event
The M5 and M15 time frames may have more false entry points.
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