signal strength 1 of 5
According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 144.75 while the median line of the Neck is found at 144.17/144.17. 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 USDJPY will go towards 144.02.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8234/0.8251 and upper border is 0.8265/0.8251. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4926 is breached. Here
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On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 93.56; the lower boundary 93.49; the width of the pattern 7 points
The M5 and M15 time frames may have more false entry points.
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