signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.0969 while the median line of the Neck is found at 1.0936/1.0954. 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 GBPCHF will go towards 1.0984
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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The Triple Top pattern has formed on the chart of the NZDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8906, the lower border is 0.8891. The signal means
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDUSD M15. Characteristics: the support level 0.6424; the resistance level 0.6435; the width of the pattern 11 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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