signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of EURGBP M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.8549/0.8550 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8535.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #INTC
- #KO
- #MA
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- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
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- H1
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According to the chart of M15, GBPAUD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0857 and support 2.0824
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.0923/1.0936 and upper border is 1.0946/1.0936. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 87.47; the lower boundary 87.31; the width of the pattern is 16 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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