signal strength 1 of 5
According to the chart of M5, USDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 144.19 while the median line of the Neck is found at 143.77/144.02. 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 USDJPY will go towards 144.34
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
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- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- USDRUB
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According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 2.0530 is breached. Here
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3293; the lower boundary 1.3278; the width of the pattern is 15 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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