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 96.50/96.53 after the right shoulder has been formed. So, the trend is set to change with the price heading for 96.38.
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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- AUDCAD
- AUDCHF
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- AUDUSD
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0432; the resistance level 2.0441; the width of the pattern 9 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to H1, AUDCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.9125/0.9123 is broken out, the instrument is likely to move toward
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The Double Top pattern has been formed on GBPUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3502
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