signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of GBPJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 193.28/193.26 after the right shoulder has been formed. So, the trend is set to change with the price heading for 193.11.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- 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
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- M5
- M15
- M30
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According to the chart of M5, EURGBP formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8533, the lower border is 0.8519. The signal means
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURNZD M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Triple Bottom pattern has formed on the chart of USDCAD M30. Features of the pattern: The lower line of the pattern has coordinates 1.3730 with the upper limit 1.3730/1.3719
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