signal strength 1 of 5
According to the chart of M5, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 166.56 while the median line of the Neck is found at 166.22/166.27. 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 EURJPY will go towards 166.12.
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8111; the lower boundary 0.8081; the width of the pattern 30 points
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The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0432; the resistance level 2.0441; the width of the pattern 9 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to H1, AUDCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.9125/0.9123 is broken out, the instrument is likely to move toward
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