signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 85.80/85.81 after the right shoulder has been formed. So, the trend is set to change with the price heading for 85.66.
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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According to the chart of H1, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3631 and 1.3497 are the coordinates
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According to the chart of M5, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.3534 while the median line of the Neck
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 GOLD H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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