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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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.94; the lower boundary 199.85; the width of the pattern 9 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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The GBPUSD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3507, the Neckline and the upward angle are at 1.3498/1.3497. The formation
The M5 and M15 time frames may have more false entry points.
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