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.
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According to the chart of M30, NZDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5982
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The Double Bottom pattern has been formed on #NTDOY M30; the upper boundary is 20.50; the lower boundary is 20.28. The width of the pattern is 20 points. In case
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The Double Bottom pattern has been formed on #NTDOY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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