signal strength 3 of 5
According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3647 while the median line of the Neck is found at 1.3590/1.3609. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.3579.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDJPY
- AUDUSD
- EURCAD
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- EURGBP
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- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCHF
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The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5227; the lower boundary is 0.5219. The width of the pattern is 8 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #NTDOY M5. Characteristics: the support level 21.02; the resistance level 21.24; the width of the pattern 22 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart AUDCHF M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
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