signal strength 1 of 5
The GBPUSD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.2964, the Neckline and the upward angle are at 1.2927/1.2930. 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 1.2915.
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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The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 32.33; the lower boundary 32.05; the width of the pattern is 265 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURJPY M15; the upper boundary is 161.42; the lower boundary is 161.26. The width of the pattern is 15 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 EURUSD M15. Characteristics: the support level 1.1264; the resistance level 1.1282; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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