signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1418 while the median line of the Neck is found at 1.1408/1.1408. 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 GBPCHF will go towards 1.1393.
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the USDJPY M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on EURJPY M5. It has the following characteristics: resistance level 161.84/161.72; support level 161.53/161.48; the width is 31 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9269
The M5 and M15 time frames may have more false entry points.
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