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
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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According to the chart of M15, #MA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 466.76/487.62 and upper border is 503.68/487.62. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, #INTC formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 18.56/19.63 and upper border is 20.82/19.63. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 148.13; the lower boundary 147.71; the width of the pattern 42 points
The M5 and M15 time frames may have more false entry points.
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