signal strength 1 of 5

According to the chart of M5, EURGBP formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8354 while the median line of the Neck is found at 0.8350/0.8352. 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 EURGBP will go towards 0.8369
The M5 and M15 time frames may have more false entry points.
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On the chart of #MA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 520.28; the lower boundary 518.50; the width of the pattern 178 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowOn the chart of EURCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5778; the lower boundary 1.5675; the width of the pattern 103 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 189.30; the lower boundary 188.76; the width of the pattern is 52 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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