signal strength 1 of 5
The EURJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 163.12, the Neckline and the upward angle are at 162.77/162.76. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURJPY will go towards 162.61.
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 Double Top pattern has been formed on EURNZD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.9113
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1132/1.1115
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 NZDUSD M30. Features of the pattern: The lower line of the pattern has coordinates 0.5909 with the upper limit 0.5909/0.5906
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