signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of GBPCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 1.1164/1.1166 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.1151.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1022
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1510
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The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.14
The M5 and M15 time frames may have more false entry points.
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