signal strength 4 of 5
According to the chart of H1, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6315 while the median line of the Neck is found at 0.6220/0.6291. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.6355
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
- All
- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
- All
- 1
- 2
- 3
- 4
- 5
According to the chart of M15, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 92482.78/94081.93 whereas the upper border goes across 95186.64/94081.93
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on #EBAY M5. Characteristics: the upper boundary 67.73; the lower boundary 67.30; the width of the pattern is 40 points. Sell trades
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 M5; the upper boundary is 2.0844; the lower boundary is 2.0810. The width of the pattern is 33 points. In case
The M5 and M15 time frames may have more false entry points.
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