signal strength 1 of 5
According to the chart of M5, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 166.56 while the median line of the Neck is found at 166.22/166.27. 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 EURJPY will go towards 166.12.
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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- AUDCAD
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- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPUSD
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The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 310.21; the lower boundary 308.18; the width of the pattern is 184 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 310.02; the lower boundary 308.18; the width of the pattern 184 points
The M5 and M15 time frames may have more false entry points.
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On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 136.40; the lower boundary 136.17; the width of the pattern 23 points
The M5 and M15 time frames may have more false entry points.
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