signal strength 1 of 5
According to the chart of M5, USDJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 154.30 while the median line of the Neck is set at 154.70/154.64. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDJPY will go towards 154.79.
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 Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 199.96 with the upper limit 199.96/199.94
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 2.0724; the lower boundary 2.0710; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #NTDOY D1. Forecast: if the price breaks above the pattern high at 24.49, then
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