signal strength 1 of 5
According to the chart of M5, EURJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 164.66 while the median line of the Neck is found at 164.28/164.55. 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 EURJPY will go towards 164.81
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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The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8112
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.49; the lower boundary 199.31; the width of the pattern 18 points
The M5 and M15 time frames may have more false entry points.
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