signal strength 1 of 5
According to the chart of M5, USDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.8841 while the median line of the Neck is found at 0.8835/0.8835. 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 USDCHF will go towards 0.8820.
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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The AUDCAD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8855, the Neckline and the upward angle are at 0.8824/0.8828. The formation
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 #EBAY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 2.0801; the lower boundary is 2.0744. The width of the pattern is 60 points. In case
The M5 and M15 time frames may have more false entry points.
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