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Actual patterns

Head and Shoulders

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was formed on 18.04 at 18:05:18 (UTC+0)
signal strength 1 of 5

The EURJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 162.14, the Neckline and the upward angle are at 161.98/161.96. 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 161.81.

The M5 and M15 time frames may have more false entry points.

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Head and Shoulders