signal strength 2 of 5
The GBPUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3402, the Neckline and the upward angle are at 1.3347/1.3353. 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 GBPUSD will go towards 1.3331.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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According to the chart of M15, GBPAUD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 2.0658 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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According to M5, GBPAUD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 2.0707/2.0710 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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According to the chart of M30, EURJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 167.02 - 0.00
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