signal strength 1 of 5
According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 150.87 while the median line of the Neck is found at 150.68/150.70. 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 USDJPY will go towards 150.55.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #INTC
- #KO
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- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
- USDCHF
- USDJPY
- USDRUB
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The Double Bottom pattern has been formed on EURCAD M5; the upper boundary is 1.5772; the lower boundary is 1.5701. The width of the pattern is 73 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, #INTC formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 17.66 is likely to encourage a continuation
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The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5934; the lower boundary 0.5925; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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