signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 93.12/93.13 after the right shoulder has been formed. So, the trend is set to change with the price heading for 92.98.
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 AUDUSD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.6689, the Neckline and the upward angle are at 0.6681/0.6682. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 87.65 - 0.00
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the #TSLA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -97, support level -48
The M5 and M15 time frames may have more false entry points.
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