signal strength 1 of 5
According to the chart of M5, GOLD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 3310.33 while the median line of the Neck is found at 3288.25/3303.43. 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 GOLD will go towards 3310.48
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 36.03; the lower boundary 35.87; the width of the pattern 170 points
The M5 and M15 time frames may have more false entry points.
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According to M5, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8169/0.8165 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1519, the lower border is 1.1510. The signal means
The M5 and M15 time frames may have more false entry points.
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