signal strength 1 of 5
According to the chart of M5, GOLD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 3310.33 while the median line of the Neck is found at 3288.25/3303.43. 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 GOLD will go towards 3310.48
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on EURJPY M5. It has the following characteristics: resistance level 166.25/166.16; support level 166.09/166.09; the width is 16 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on EURCAD M5. It has the following characteristics: resistance level 1.5771/1.5752; support level 1.5748/1.5738; the width is 23 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on GBPCHF at M5. The lower boundary of the pattern is located at 1.1026/1.1032 while the upper boundary lies at 1.1030/1.1036. The projection
The M5 and M15 time frames may have more false entry points.
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