signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 85.00 while the median line of the Neck is found at 84.85/84.91. 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 NZDJPY will go towards 85.15
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4637/0.4673 and upper border is 0.4713/0.4673. The pattern width is measured
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According to the chart of M15, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5001 is breached. Here
The M5 and M15 time frames may have more false entry points.
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On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 362.82; the lower boundary 359.05; the width of the pattern 377 points
The M5 and M15 time frames may have more false entry points.
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