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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- Pennant
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- Triple top
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The Bullish pennant signal – Trading instrument #MSFT M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 394.31, with the prospect
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 #FB M5. Characteristics: the upper boundary 556.53; the lower boundary 554.61; the width of the pattern is 175 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of the NZDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
The M5 and M15 time frames may have more false entry points.
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