signal strength 1 of 5
According to the chart of M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5723 while the median line of the Neck is found at 0.5705/0.5719. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDUSD will go towards 0.5738
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Top pattern has been formed on NZDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4633
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The Double Top pattern has been formed on AUDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4999
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According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 161.50/161.24
The M5 and M15 time frames may have more false entry points.
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