signal strength 2 of 5
According to the chart of M15, NZDJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 85.95 while the median line of the Neck is set at 86.24/86.20. 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 NZDJPY will go towards 86.43.
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
- AUDCHF
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- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPUSD
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The Triple Bottom pattern has been formed on EURUSD M15. It has the following characteristics: resistance level 1.0952/1.0920; support level 1.0901/1.0907; the width is 51 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the USDJPY M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -17
The M5 and M15 time frames may have more false entry points.
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On the chart of the GBPCHF M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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