signal strength 3 of 5
According to the chart of M30, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8184 while the median line of the Neck is found at 0.8151/0.8174. 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 NZDCAD will go towards 0.8214
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- Double Top
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- Triple top
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The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.02
The M5 and M15 time frames may have more false entry points.
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According to M30, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5860/0.5861 is broken out, the instrument is likely to move toward
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The Double Top reversal pattern has been formed on GBPUSD M30. Characteristics: the upper boundary 1.3458; the lower boundary 1.3416; the width of the pattern is 40 points. Sell trades
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