signal strength 4 of 5
According to the chart of H1, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6315 while the median line of the Neck is found at 0.6220/0.6291. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.6355
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
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- Triple top
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The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9263; the lower boundary is 0.9249. The width of the pattern is 14 points. In case
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #FB M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 507.03 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9263 - 0.0000
The M5 and M15 time frames may have more false entry points.
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