was formed on 24.09 at 16:29:58 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
According to the chart of M15, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 98.12 while the median line of the Neck is found at 97.94/97.91. 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 AUDJPY will go towards 97.68.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
