signal strength 2 of 5
According to the chart of M15, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 86.78 while the median line of the Neck is found at 86.32/86.37. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 86.14.
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 Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8222; the lower boundary is 0.8216. The width of the pattern is 6 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the GBPJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -8
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9021 and support 0.9000
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