was formed on 28.05 at 23:18:48 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
According to the chart of M15, GBPCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.1116 while the median line of the Neck is set at 1.1149/1.1145. 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 GBPCHF will go towards 1.1168.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
