signal strength 2 of 5
The GBPUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.2970, the Neckline and the upward angle are at 1.2954/1.2955. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPUSD will go towards 1.2932.
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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The Double Top pattern has been formed on USDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8450
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5149
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5177 and support 0.5149
The M5 and M15 time frames may have more false entry points.
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