signal strength 3 of 5
The Bearish Flag pattern has been formed on NZDUSD at M30. The lower boundary of the pattern is located at 0.5956/0.5970 while the upper boundary lies at 0.5978/0.5992. The projection of the flagpole is 41 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.5956 is broken, the price will move further downwards.
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The NZDUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.5987, the Neckline and the upward angle are at 0.5965/0.5967. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3590 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3590 while the median line of the Neck is found
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