signal strength 2 of 5
The NZDUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.6081, the Neckline and the upward angle are at 0.6057/0.6057. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDUSD will go towards 0.6035.
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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The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0725; the resistance level 1.0736; the width of the pattern 11 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0514/2.0550 whereas the upper border goes across 2.0585/2.0550
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According to the chart of M15, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 2.0585 and 2.0515 are the coordinates
The M5 and M15 time frames may have more false entry points.
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