signal strength 2 of 5
According to the chart of M15, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3359 while the median line of the Neck is found at 1.3290/1.3286. 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 GBPUSD will go towards 1.3263.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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- AUDUSD
- EURCAD
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 106923.75; the lower boundary is 106549.31. The width of the pattern is 38365 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on SILVER M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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On the chart of the GBPJPY H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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