signal strength 1 of 5
According to the chart of M5, EURGBP formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8511 while the median line of the Neck is found at 0.8501/0.8508. 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 EURGBP will go towards 0.8526
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Double Bottom pattern has been formed on SILVER M30. Characteristics: the support level 36.20; the resistance level 36.38; the width of the pattern 190 points. If the resistance level
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The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 145.78; the lower boundary 145.36; the width of the pattern is 41 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 145.75; the lower boundary 145.36; the width of the pattern 39 points
The M5 and M15 time frames may have more false entry points.
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