signal strength 3 of 5
According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3647 while the median line of the Neck is found at 1.3590/1.3609. 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 GBPUSD will go towards 1.3579.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
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On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0922; the lower boundary 2.0898; the width of the pattern 24 points
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDCAD M30. It has the following characteristics: resistance level 0.8088/0.8085; support level 0.8066/0.8067; the width is 22 points. In the event
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The Double Bottom pattern has been formed on NZDUSD H1. Characteristics: the support level 0.5810; the resistance level 0.5835; the width of the pattern 25 points. If the resistance level
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