signal strength 1 of 5
According to the chart of M5, GOLD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 3247.25 while the median line of the Neck is set at 3275.01/3270.41. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GOLD will go towards 3270.56.
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 GBPJPY M15. Characteristics: the upper boundary 199.95; the lower boundary 199.78; 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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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 199.78
The M5 and M15 time frames may have more false entry points.
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According to M15, AUDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5268/0.5268 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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