signal strength 2 of 5
The technical pattern called Head and Shoulders has appeared on the chart of EURCHF M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.9395/0.9399 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9377.
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 Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3523
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 95.20/95.15; support level 95.10/95.09; the width is 10 points. In the event
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 NZDJPY H1. Characteristics: the upper boundary 86.42; the lower boundary 86.09; the width of the pattern is 34 points. Sell trades
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