signal strength 1 of 5

According to the chart of M5, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 166.56 while the median line of the Neck is found at 166.22/166.27. 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 EURJPY will go towards 166.12.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #NTDOY M15. Characteristics: the support level 22.14; the resistance level 22.25; the width of the pattern 11 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on #NTDOY M30. Characteristics: the support level 22.14; the resistance level 22.25; the width of the pattern 11 points. If the resistance level
Open chart in a new windowThe Double Bottom pattern has been formed on #NTDOY M30. Characteristics: the support level 22.14; the resistance level 22.25; the width of the pattern 11 points. If the resistance level
Open chart in a new window