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.
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- Triple top
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According to the chart of M30, NZDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8057, the lower border is 0.8043. The signal means
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The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 207.31; the lower boundary 206.85; the width of the pattern is 44 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8057; the lower boundary 0.8044; the width of the pattern 13 points
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