signal strength 1 of 5
According to the chart of M5, USDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 144.19 while the median line of the Neck is found at 143.77/144.02. 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 USDJPY will go towards 144.34
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on AUDCHF at M30. The lower boundary of the pattern is located at 0.5236/0.5230, while the higher boundary lies at 0.5242/0.5236. The projection
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The Bullish pennant pattern is formed on the AUDCHF M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 198.31; the resistance level 198.40; 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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